Visa planned to launch 1,400 employees to streamline international trade – CNBC TV18

The Wall Street Journal said on Tuesday that the world’s largest payment processor is preparing to cut 1,400 jobs in various positions by the end of this year.

According to The Wall Street, around 1,000 pruning will affect technology positions, most other cuts, visa traders expectly expectly selling and eliminating global digital partnership roles.

According to the report, something has already been trimmed last week. Visa has planned to maintain employees in its global digital partnership teams who were employed at the end of the year.

Earlier in the day, a visa spokesperson told Reuters that the company develops its operating model to support constant development, “that may eradicate some roles.”

The spokesman said that the company has expected to increase the number of employees in the visa for the future.

In the end of the financial year 2023, there were a total of 28,800 employees in the visa.
After the market is closed, the company will report its fourth quarter earnings.

This is a developing story