'Visa Plans To Lay Off Around 1,400 Employees And Contractors; The Payments Giant Is Restructuring Its International Business' - WSJ
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Visa is planning to lay off around 1,400 employees and contractors as part of a restructuring effort to streamline its international business. The layoffs are expected to occur by the end of the year.
October 29, 2024 | 6:47 pm
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Visa is restructuring its international business, leading to the layoff of around 1,400 employees and contractors by year-end. This move is part of a broader effort to streamline operations.
The layoffs indicate a significant restructuring effort by Visa, which could lead to cost savings and improved efficiency. However, the immediate impact on the stock price is uncertain as investors may weigh the potential benefits against the negative sentiment of job cuts.
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