Yet another headline that pairs job loss with AI (Visa edition)

 

Top headline:  TUM Partners of Excellence, 12/5/2024

AI-generated image:  Manus 1.6 Lite

Bottom headline:  CNBC,  7/28/2026

Hugh Son reports:

Key Points 

• Visa plans to eliminate about 2,600 jobs, mostly in its technology and product operations, representing roughly 7% of its workforce. 

• CEO Ryan McInerney said AI is helping “shape the way work gets done at Visa,” while a person with direct knowledge said AI was a significant factor, but not the sole driver, of the layoffs. 

• Visa intends to reinvest in growth areas including affluent customers, cross-border payments, business remittances and geographic expansion. [emphasis added]

• It is scheduled to report quarterly earnings after the market closes Tuesday.

 

Related posts:

July 2026

Monday.com.  (7/27)

Google.  (7/17)

Era of the forever layoff.  (7/13)

June 2026:

British American Tobacco.  (6/30)

Rackspace.  (6/29)

BitGo.  (6/28)

Tracking the carnage.  (6/27)

Oracle.  (6/23)

Big Tech unconscious incompetence (6/17)
Angst in the workplace.  (6/15))

Pleo.  (6/13)

Leading reason for job cuts.  (6/7)

The Replacements.  (6/6)

Acrisure. (6/6)

May 2026

Not making sense.  (5/16)

Cisco Systems.  (5/14)

General Motors.  (5/13)

Kevin Hassett Clown Show.  (5/12)

Meta 1984.  (5/11)

Straight from the horse's mouth.  (5/10)

Do-nothing Congress.  (5/9) 

IA edition.  (5/8)

April job cuts.  (5/8)

Freshworks.  (5/7)

Coinbase.  (5/7)