SynopsisVisa plans to cut about 2,600 jobs, representing seven percent of its workforce. These job reductions will primarily impact the technology and product teams within the company. The move aims to enhance efficiency in a challenging payments industry environment. Visa is scheduled to release its quarterly financial results later today. The company has not yet provided an immediate comment on the reported layoffs.Visa ​plans to ​cut 7% of ​its workforce, or about 2,600 jobs, in ‌a ⁠bid ⁠to make the ​payments processor more efficient in ​a tough payments industry, Bloomberg News ​reported ⁠on Tuesday, ‌citing a ​staff ​memo.The job ⁠cuts will primarily affect the ​technology and product ​teams, the report added.Visa did not immediately respond to a ‌Reuters request for comment. The ​company ​is ⁠set to report its quarterly results after the ​market close on Tuesday. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now