Visa recently conducted a significant workforce reduction, impacting approximately 7% of its employees. This restructuring effort involved the elimination of around 2,600 positions across various levels of the company. The cuts included a notable number of senior roles, such as six vice presidents and 37 senior directors. Company leadership cited evolving work methods and the influence of artificial intelligence as key drivers for this organizational change. These layoffs occurred alongside the company's fiscal third-quarter earnings report and a substantial acquisition.
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https://hrexecutive.com/visa-layoffs-reach-senior-ranks-including-six-vps-and-37-senior-directors/