Visa is cutting 7% of employees in efficiency push as AI reshapes work

Visa is moving to reduce its workforce by 7 percent as it seeks to streamline operations. The company plans to cut approximately 2,600 roles, with the majority of the staff reductions affecting technology and product teams.

CEO Ryan McInerney stated that artificial intelligence is changing how the company completes work. Internal sources confirm that while AI integration was a major factor in the decision, the layoffs are also part of a broader strategy to reallocate resources toward business growth.

The company intends to focus its future investment on several core areas. These priorities include expansion into new geographic markets, improved services for affluent customers, and further development of its cross-border payment and business remittance platforms.

Impacted employees will begin the transition process this week. The firm reports that business momentum remains stable, and these changes are intended to prepare the organization for a new era of commerce. The company is scheduled to share its quarterly financial results today after the market close.