👥 HR & Workplace🌐 Global
Visa Is Cutting 2,600 Jobs and Blaming AI for the Shake-Up
Fast Company·Wednesday, 29 July 2026
Visa confirmed it is laying off approximately 2,600 workers — about 7% of its global workforce. The payments giant cited an evolving payments landscape disrupted by fintech startups and a push toward AI-driven efficiency as the reasons behind the cuts. The CEO's internal memo pointed explicitly toward AI acceleration as a driver of the restructuring.
Why It Matters
Visa's cuts are a clear, large-scale example of how AI adoption is already eliminating jobs at major corporations — a trend that affects workers across the finance and tech sectors worldwide.
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