Visa Cut 2,600 Jobs on the Same Day It Reported 14% Revenue Growth
Bloomberg reported Tuesday, citing a staff memo from CEO Ryan McInerney, that Visa will eliminate roughly 2,600 positions — about 7% of its workforce — with technology and product teams taking most of the reductions. The company announced the cuts hours before releasing fiscal third-quarter results showing net revenue of $11.6 billion, up 14% year…