Visa cuts 7% of workforce in efficiency drive

, plans to reduce its global headcount by 7%, resulting in approximately 2,600 job cuts, a company spokesperson confirmed on Tuesday. The strategic workforce reduction comes as the world’s largest payments processor seeks to streamline operations, optimize costs, and reallocate capital toward high-growth opportunities, a move that closely follows similar restructuring efforts across the broader fintech sector. The layoffs will primarily target teams within Visa’s technology and product