{"id":1024584,"date":"2026-07-29T10:23:03","date_gmt":"2026-07-29T04:53:03","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1024584"},"modified":"2026-07-29T10:23:03","modified_gmt":"2026-07-29T04:53:03","slug":"visa-to-lay-off-7-of-its-workforce-in-technology-and-other-teams-ceo-ryan-mcinerney-sends-memo-saying-doing-what-is-right-for-the-company","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/29\/visa-to-lay-off-7-of-its-workforce-in-technology-and-other-teams-ceo-ryan-mcinerney-sends-memo-saying-doing-what-is-right-for-the-company\/","title":{"rendered":"Visa to lay off 7% of its workforce in technology and other teams; CEO Ryan McInerney sends memo saying doing what is right for the company"},"content":{"rendered":"<p>Visa is planning to cut about 2,600 jobs, or around 7% of its global workforce, as the payments company looks to improve efficiency and invest in future growth opportunities. According to a Bloomberg report, the layoffs will mainly affect employees in the company&#8217;s technology and product teams, a company spokesperson said. The move comes about six months after rival Mastercard announced job cuts of its own. Visa said AI is helping reshape the way it operates, although the company said AI was not the only reason behind the workforce reduction. The company is expected to report its quarterly earnings after US markets close on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Visa is planning to cut about 2,600 jobs, or around 7% of its global workforce, as the payments company looks to improve efficiency and invest in future growth opportunities. According to a Bloomberg report, the layoffs will mainly affect employees in the company&#8217;s technology and product teams, a company spokesperson said. The move comes about six months after rival Mastercard announced job cuts of its own. Visa said AI is helping reshape the way it operates, although the company said AI was not the only reason behind the workforce reduction. The company is expected to report its quarterly earnings after [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-1024584","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1024584"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024584\/revisions"}],"predecessor-version":[{"id":1024586,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024584\/revisions\/1024586"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1024584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1024584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1024584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}