Visa Inc.
Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, bank accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services. The company also provides acceptance solutions, which include Cybersource and Authorize.net that provides new and enhanced payment integrations with ecommerce platforms, enabling sellers and acquirers to offer tailored commerce experiences; risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Consumer Authentication Service, Visa Protect Authentication Intelligence, and Visa Provisioning Intelligence; and Visa Consulting and Analytics, a payment consulting advisory services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brands. The company serves merchants, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
Layoff history
EMPLOYEES AFFECTED PER QUARTER · HOVER FOR DETAILS
CONFIRMEDANNOUNCEDLayoff timeline
8 EVENTSVisa Inc. will cut 70 jobs at its downtown Bellevue office as part of a companywide restructuring that eliminates about 2,600 positions (roughly 7% of its workforce) as the company reorganizes around artificial intelligence. A WARN filed with the Washington State Employment Security Department lists 70 affected Bellevue workers, classifies the separations as a permanent layoff, and states separations are expected to begin October 1, 2026. The eliminated roles include directors, lead engineers, senior employees and two vice presidents as part of a reorganization to rebuild product development around AI and form smaller, more nimble teams. Visa said the cuts will allow reinvestment into priority areas like consumer payments, commercial and money movement services, and other value-added offerings; local Rapid Response teams and WorkSource centers will assist affected employees.
Visa Inc. cut about 2,600 jobs (roughly 7% of its workforce) on July 28 as part of a broader restructuring, with CEO Ryan McInerney citing evolving ways of working and AI's role in changing work. The company disclosed $563 million in severance tied to the reduction in its fiscal third-quarter filing, which also reported higher personnel expenses and strong revenue. A WARN filing detailed 320 roles at the Foster City campus and reporting named specific senior positions eliminated, including six vice presidents, 37 senior directors and 16 chief engineering/architecture roles, plus dozens of senior engineers and technical researchers. The cuts coincided with Visa’s fiscal third-quarter earnings release and preceded a $2.4 billion acquisition; analysts framed the move as routine cost and resource reallocation rather than distress.
Visa is laying off 70 workers at its Bellevue, Washington office as part of a broader global reduction that totals about 2,600 jobs. The cuts at the Bellevue location were reported as part of the companywide action and affect local staff there. The article frames the Bellevue layoffs as a component of Visa's global workforce reduction; no specific department or individual layoff date was provided. Visa characterized the reductions as part of its larger restructuring/global cutback effort.
Visa announced a layoff affecting 320 employees at its Foster City, California campus, disclosed in a California filing on July 31. The cuts include 37 senior directors, 16 chief engineering and architect roles, dozens of senior software engineers, researchers and other technical staff, and six vice presidents. The Foster City reductions are part of a broader, companywide reduction of about 2,600 jobs (roughly 7% of Visa's workforce), according to Bloomberg. Visa CEO Ryan McInerney framed the cuts as steps to drive efficiency and reinvest in higher-potential opportunities, citing AI-driven changes and Visa's recent acquisition of AI fraud-detection firm BioCatch as context.
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