Visa Announces 2,600 Layoffs Amid AI Expansion and Tech Reorganization

NewsData.io · United States · Jul 29, 2026

Visa is cutting approximately 2,600 jobs — about 7% of its global workforce — as the San Francisco-based payments company restructures its technology and product operations and accelerates AI adoption. CEO Ryan McInerney communicated the reductions to staff via internal memo. The move signals continued pressure on tech and product roles at large financial-services firms as AI displaces headcount, a trend staffing agencies serving fintech and enterprise tech clients should monitor closely.