Visa plans to lay off approximately 2,600 employees, accounting for about 7% of the total workforce

TechFlow reports, July 28, according to Bloomberg, Visa is cutting approximately 2,600 positions, accounting for about 7% of its total workforce. CEO Ryan McInerney stated in an employee memo that this move aims to enhance operational efficiency to cope with the increasingly competitive payments industry. The layoffs are expected to primarily affect the technology and product teams.