Market Chatter: Visa to Cut 2,600 Jobs

MT Newswires Live

07/28

Visa (V) is cutting roughly 2,600 jobs, representing 7% of its workforce, as part of Chief Executive Ryan McInerney's aim to streamline the company, Bloomberg reported Tuesday, citing a staff memo.

The cuts will mainly hit technology and product teams, according to the memo seen by Bloomberg.

Visa didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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