business π Visa slashes 2,600 jobs, even senior execs affected
Visa has initiated rounds of AI-fueled layoffs affecting nearly 2,600 employees across the company. These job cuts at the Foster City headquarters include senior roles like vice presidents and senior directors. The notices were issued around July 29th and July 31st, impacting multiple business functions. The restructuring aims to improve efficiency as CEO Ryan McInerney pushes for agentic AI adoption. Visa plans to leverage agentic commerce to fuel future market expansion. πΌ