Visa Cuts 2,600 Tech Jobs to Fund Stablecoin and B2B Growth
Visa is cutting about 2,600 jobs, or 7% of its workforce, primarily from its technology and product teams, Bloomberg reported Tuesday (July 28), citing a staff memo from Visa CEO Ryan McInerney. The company is making the cuts to reinvest in consumer payments, commercial and money movement solutions, and value-added services such as stablecoin, cross-border…