Payments giant Visa cuts 7pc of its workforce in AI pivot

Ryan McInerny at the World Economic Forum Annual Meeting, 2025. Image: World Economic Forum via Flickr (CC BY-NC-SA 4.0)

Layoffs partially a cost-saving measure, sources told Bloomberg.

Payments giant Visa is cutting roughly 7pc of its workforce in a now familiar pivot towards AI. The layoffs translate to about 2,600 employees.

The job cuts are expected to primarily affect technology and product teams. Visa has European offices in Poland and the UK.

“To capture the opportunities ahead and best position Visa to lead this transformation, we must continue evolving how we work,” company CEO Ryan McInerney wrote in a memo to staff, parts of which were verified by multiple news organisations.