Officially in the news!
https://www.wsj.com/business/visa-plans-to-lay-off-around-1-400-employees-and-contractors-cd278c71
Visa is planning to lay off about 1,400 employees and contractors by the end of the year, the Wall Street Journal reported on Tuesday, as the card giant looks to streamline its international business.
About 1,000 of the cuts are expected to eliminate technology positions, the WSJ reported, citing people familiar with the matter.
The report added that most of the other layoffs would focus on Visa (NYSE:V)'s merchant sales and global digital partnership roles.
Some of the layoffs occurred last week, according to the report. Visa plans to keep its workers in the global digital partnership teams employed through the end of the year, it added.