Visa is implementing significant layoffs, cutting 2,600 jobs, which represents nearly 7% of its total workforce. This decision comes despite the company reporting substantial double-digit revenue growth in its latest financial quarter. The payments giant is strategically realigning its operations to enhance efficiency and integrate artificial intelligence more deeply into its processes. This move by Visa follows similar workforce reductions announced by other California-based companies, including Intel, Uber, and Patreon. These collective actions highlight a trend of restructuring and automation impacting various sectors within the state.
San Francisco, California
https://www.latimes.com/business/story/2026-07-29/california-companies-announce-almost-3-000-more-layoffs