Visa Cuts ~2,600 Jobs Including Senior Leadership and Engineering Roles
SOURCENews reportView the filing ↗
What we know
Location: global.
Department affected: Product and technology teams (specifically in Bengaluru); senior leadership and engineering roles company-wide.
Based on news reporting.
Summary
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 Inc. cut 2,600 jobs affecting its Product and technology teams (specifically in Bengaluru); senior leadership and engineering roles company-wide team as of July 29, 2026.
That is roughly 12.4% of the 21,000 people Visa Inc. employs.
LayoffTalk has tracked 8 layoff events at Visa Inc. since January 2025, including 688 jobs documented in official WARN filings, with 3 additional events known from news reporting.
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