Visa Cuts About 2,600 Jobs, 7% of Its Workforce
CONFIRMÉCONFIANCE 88 %CNBC[1] (published 28 July 2026) reports Visa "plans to cut about 7% of its workforce" per a memo and that "Impacted employees will start to be contacted on Tuesday"; American Banker[3] (28 July) says McInerney discussed the cuts "during Tuesday's earnings call".
Visa is eliminating about 2,600 roles, roughly 7% of its workforce and mostly in technology and product, with CEO Ryan McInerney saying AI is reshaping how work gets done.
$563M
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