{"slug": "visa-to-cut-about-2600-jobs-mainly-in-technology-and-product", "title": "Visa to Cut About 2,600 Jobs, Mainly in Technology and Product", "summary": "Visa plans to eliminate about 2,600 jobs, roughly 7% of its workforce, with most cuts in technology and product teams, CEO Ryan McInerney said Tuesday. The reduction follows rapid hiring that brought headcount to approximately 34,100 as of September 30, 2025, and McInerney linked the reorganization to efficiency and AI-assisted work, though AI was not the sole reason.", "body_md": "# Visa to Cut About 2,600 Jobs, Mainly in Technology and Product\n\n- Visa plans to eliminate about 2,600 jobs, equal to roughly 7% of its workforce.\n[[1]](https://economictimes.indiatimes.com/tech/technology/visa-plans-to-cut-7-of-workforce-bloomberg/articleshow/132685008.cms) - Technology and product teams will bear most of the reductions, although Visa has not released a detailed breakdown by function or geography.\n[[1]](https://economictimes.indiatimes.com/tech/technology/visa-plans-to-cut-7-of-workforce-bloomberg/articleshow/132685008.cms)[[2]](https://www.bloomberglinea.com/negocios/visa-recortara-cerca-de-2600-empleos-para-ganar-eficiencia-y-competir-en-pagos/) - CEO Ryan McInerney linked the reorganization to companywide efficiency and AI-assisted work, but AI was not the sole reason for the cuts.\n[[2]](https://www.bloomberglinea.com/negocios/visa-recortara-cerca-de-2600-empleos-para-ganar-eficiencia-y-competir-en-pagos/)\n\nVisa plans to eliminate about 2,600 positions, or roughly 7% of its workforce, with most of the cuts falling on technology and product teams, a company spokesperson confirmed Tuesday.[[1]](https://economictimes.indiatimes.com/tech/technology/visa-plans-to-cut-7-of-workforce-bloomberg/articleshow/132685008.cms)\n\nThe reduction follows rapid hiring at the payments company. Visa reported approximately 34,100 employees as of September 30, 2025, up 8% from a year earlier. More than 60% of its employees were based outside the United States across 86 countries and territories.[[3]](https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm)\n\n## AI is part of a broader efficiency drive\n\nCEO Ryan McInerney told employees that Visa must continue changing how it works and said AI is accelerating that shift. The technology is reducing repetitive work and speeding product development, according to Bloomberg’s account of the internal memo.[[2]](https://www.bloomberglinea.com/negocios/visa-recortara-cerca-de-2600-empleos-para-ganar-eficiencia-y-competir-en-pagos/)\n\nVisa did not characterize the layoffs as a direct replacement of 2,600 employees with AI. A person familiar with the company’s reasoning told Bloomberg that AI was not the only factor. McInerney framed the cuts as part of an effort to improve efficiency and reinvest in consumer payments, commercial and money-movement products, and value-added services including stablecoins, cross-border payments and business-to-business offerings.[[2]](https://www.bloomberglinea.com/negocios/visa-recortara-cerca-de-2600-empleos-para-ganar-eficiencia-y-competir-en-pagos/)\n\n## Geography, severance and completion date remain undisclosed\n\nVisa has not publicly provided a country-by-country allocation of the cuts, a detailed count for affected functions beyond technology and product, or severance terms. The company also has not announced when the full reduction will be completed.[[1]](https://economictimes.indiatimes.com/tech/technology/visa-plans-to-cut-7-of-workforce-bloomberg/articleshow/132685008.cms)[[2]](https://www.bloomberglinea.com/negocios/visa-recortara-cerca-de-2600-empleos-para-ganar-eficiencia-y-competir-en-pagos/)\n\nThose omissions leave the impact on Visa’s large overseas workforce unclear. The company’s latest annual filing shows that a majority of its employees worked outside the United States before the announced reduction.[[3]](https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm)\n\n## Companies mentioned\n\n## Further sources\n\nThe stories that matter, in one email. Free — unsubscribe anytime.", "url": "https://wpnews.pro/news/visa-to-cut-about-2600-jobs-mainly-in-technology-and-product", "canonical_source": "https://mlq.ai/news/visa-to-cut-about-2600-jobs-mainly-in-technology-and-product/", "published_at": "2026-07-29 11:52:02.637212+00:00", "updated_at": "2026-07-29 11:52:04.620318+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-policy"], "entities": ["Visa", "Ryan McInerney", "Bloomberg"], "alternates": {"html": "https://wpnews.pro/news/visa-to-cut-about-2600-jobs-mainly-in-technology-and-product", "markdown": "https://wpnews.pro/news/visa-to-cut-about-2600-jobs-mainly-in-technology-and-product.md", "text": "https://wpnews.pro/news/visa-to-cut-about-2600-jobs-mainly-in-technology-and-product.txt", "jsonld": "https://wpnews.pro/news/visa-to-cut-about-2600-jobs-mainly-in-technology-and-product.jsonld"}}