Visa layoffs: Thousands of jobs slashed at the payments giant as CEO memo points toward AI acceleration

Visa Inc. is preparing to lay off about 2,600 workers, or about 7% of its workforce, the payments processing giant confirmed with Fast Company. The cuts come as the company faces an ever-changing payments landscape, increasingly disrupted by smaller, nimbler fintech startups, and as it focuses more on AI-driven efficiency gains. Here’s what you need to know. What’s happened? On Tuesday, media outlets including Bloomberg reported that Visa is getting ready to lay off about 2,600 workers....