Visa cuts 2,600 jobs as AI reshapes payments giant's workforce and operations
Visa is eliminating roughly 2,600 positions—7% of its global workforce—primarily in technology and product operations as CEO Ryan McInerney accelerates an AI-driven transformation. The payments giant plans to redirect savings toward growth areas including stablecoins, cross-border payments, and agentic commerce, while deploying AI tools that have already reduced product development teams from 10+ members to squads of two to four.