📈 Stocks & Economy🇮🇳 India
Visa Cuts 2,600 Jobs — About 7% of Its Workforce — Blaming AI for Reshaping How It Works
CNBC·Wednesday, 29 July 2026
Visa plans to cut roughly 2,600 employees, which is about 7% of its total workforce, as CEO Ryan McInerney pushes to streamline the payments company. The company cited AI as a key reason work is being restructured. This is one of the largest workforce reductions at a major payments firm in recent memory.
Why It Matters
Visa is a major player in India's digital payments ecosystem. Large-scale restructuring at Visa could affect its India operations, partnerships, and product development priorities here.
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