{"id":21128,"date":"2026-07-29T14:12:39","date_gmt":"2026-07-29T14:12:39","guid":{"rendered":"https:\/\/imsfund.com\/?p=21128"},"modified":"2026-07-29T14:12:39","modified_gmt":"2026-07-29T14:12:39","slug":"visa-is-cutting-2600-jobs-ai-is-only-part-of-the-reason","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2026\/07\/29\/visa-is-cutting-2600-jobs-ai-is-only-part-of-the-reason\/","title":{"rendered":"Visa Is Cutting 2,600 Jobs \u2014 AI Is Only Part of the Reason"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Visa is slashing about 2,600 jobs, roughly 7% of its workforce. The layoffs will mainly hit technology and product teams, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-07-28\/visa-to-cut-7-of-workforce-as-ceo-seeks-to-revamp-payments-firm\" target=\"_blank\" rel=\"noopener\">Bloomberg reports<\/a>. CEO Ryan McInerney wrote to his staff that AI is \u201chelping to accelerate this evolution and shape the way work gets done at Visa.\u201d<\/p>\n<p>But <a href=\"https:\/\/www.entrepreneur.com\/leadership\/is-ai-worth-the-layoffs-inside-a-ceos-ethical-nightmare\/493530\" target=\"_blank\" rel=\"noopener\">AI<\/a> isn\u2019t the whole story. According to a person familiar with the company\u2019s reasoning, the cuts are also about freeing up money to reinvest in newer bets such as stablecoins, cross-border payments and business-to-business services.<\/p>\n<p>Visa had about 34,100 employees at the end of its last fiscal year, more than triple what it had a decade earlier. \u201cI have deep conviction that we are doing what is right for Visa, our clients and our partners,\u201d McInerney wrote. Visa isn\u2019t the only <a href=\"https:\/\/www.entrepreneur.com\/finance\/from-startups-to-giants-how-fintech-is-changing\/490872\" target=\"_blank\" rel=\"noopener\">fintech<\/a> company trimming staff. PayPal recently announced plans to cut 20% of its workforce, and <a href=\"https:\/\/www.entrepreneur.com\/business-news\/jack-dorseys-block-cuts-4000-jobs-critics-claim\/503108\" target=\"_blank\" rel=\"noopener\">Block has made similar moves<\/a> in recent months.<\/p>\n<\/p><\/div>\n<div>\n<p>Visa is slashing about 2,600 jobs, roughly 7% of its workforce. The layoffs will mainly hit technology and product teams, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-07-28\/visa-to-cut-7-of-workforce-as-ceo-seeks-to-revamp-payments-firm\" target=\"_blank\" rel=\"noopener\">Bloomberg reports<\/a>. CEO Ryan McInerney wrote to his staff that AI is \u201chelping to accelerate this evolution and shape the way work gets done at Visa.\u201d<\/p>\n<p>But <a href=\"https:\/\/www.entrepreneur.com\/leadership\/is-ai-worth-the-layoffs-inside-a-ceos-ethical-nightmare\/493530\" target=\"_blank\" rel=\"noopener\">AI<\/a> isn\u2019t the whole story. According to a person familiar with the company\u2019s reasoning, the cuts are also about freeing up money to reinvest in newer bets such as stablecoins, cross-border payments and business-to-business services.<\/p>\n<p>Visa had about 34,100 employees at the end of its last fiscal year, more than triple what it had a decade earlier. \u201cI have deep conviction that we are doing what is right for Visa, our clients and our partners,\u201d McInerney wrote. Visa isn\u2019t the only <a href=\"https:\/\/www.entrepreneur.com\/finance\/from-startups-to-giants-how-fintech-is-changing\/490872\" target=\"_blank\" rel=\"noopener\">fintech<\/a> company trimming staff. PayPal recently announced plans to cut 20% of its workforce, and <a href=\"https:\/\/www.entrepreneur.com\/business-news\/jack-dorseys-block-cuts-4000-jobs-critics-claim\/503108\" target=\"_blank\" rel=\"noopener\">Block has made similar moves<\/a> in recent months.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.entrepreneur.com\/business-news\/visa-is-cutting-2600-jobs-ai-is-only-part-of-the-reason\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Visa is slashing about 2,600 jobs, roughly 7% of its workforce. The layoffs will mainly hit technology and product teams, Bloomberg reports. CEO Ryan McInerney wrote to his staff that AI is \u201chelping to accelerate this evolution and shape the way work gets done at Visa.\u201d But AI isn\u2019t the whole story. According to a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":21129,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/www.entrepreneur.com\/wp-content\/uploads\/sites\/2\/2026\/07\/visa-ceo-Ryan-McInerney-0726-g-2152556053.jpg?resize=1024,655","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-21128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/21128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=21128"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/21128\/revisions"}],"predecessor-version":[{"id":21130,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/21128\/revisions\/21130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/21129"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=21128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=21128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=21128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}