ServiceNow and Visa Cut Combined 5,600 Jobs in Latest Tech Layoff Wave

NewsData.io · United States · Jul 31, 2026

ServiceNow laid off approximately 3,000 employees and Visa cut 2,600 workers this week, adding to the ongoing wave of tech sector workforce reductions. The cuts are reportedly affecting strong performers and managers, prompting surviving employees to question their own tenure — a secondary attrition risk that staffing agencies should monitor as potential placement opportunities. The news underscores that even financially stable enterprise tech firms are not immune to restructuring.