Visa to lay off 7% of staff as efficiency push deepens

Visa plans to cut seven per cent of its workforce, or about 2,600 jobs, a company spokesperson said on Tuesday, as the payments processor seeks to become more efficient, about six months after a similar move by its closest peer.

Visa plans to cut about 7% of its workforce, or roughly 2,600 employees, as CEO Ryan McInerney seeks to streamline the payments giant.

July 28 : Visa plans to cut 7 per cent of its workforce, or about 2,600 jobs, a company spokesperson said on Tuesday, about six months after a similar step by its closest peer as the payments processor seeks to become more efficient. The job cuts will primarily affect technology and product teams. "To capture the oppor