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Visa Cuts 2,600 Jobs Citing AI — A Warning Shot for India's IT Workforce
CNBC·Thursday, 30 July 2026
Visa plans to cut roughly 2,600 employees, or about 7% of its global workforce, as CEO Ryan McInerney pushes to streamline the payments company. The company cited AI reshaping how work gets done as a key driver of the cuts. Major payment and financial services firms employ large numbers of Indian tech workers both in India and abroad.
Why It Matters
India supplies a significant portion of the global tech and payments workforce. When companies like Visa use AI to replace jobs, Indian IT professionals — at home and abroad — are among those most exposed.
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