July 28, 2026

Visa plans to eliminate roughly 2,600 positions, mostly in its technology and product operations, according to the memo. CNBC confirmed the contents of the memo, which was reported earlier by Bloomberg, with a person with direct knowledge of the matter. Impacted employees will start to be contacted on Tuesday for next steps and transition assistance, said the person. “To capture the opportunities ahead and best position Visa to lead this transformation, we must continue evolving how we work,”

McInerney wrote. “AI is also helping to accelerate this evolution and shape the way work gets done at Visa.”

WHY THIS MATTERS!
This story provides another real-world example of AI reshaping organizational workforce strategies, where companies are explicitly linking efficiency initiatives and workforce reductions to changing patterns of work. To us, this headline (one of countless many!) reinforces that occupational AI psychology is no longer about predicting future disruption. Instead, it’s much more about understanding how AI-driven organizational decisions affect employees’ job security, professional identity, trust in employers, and adaptation to AI-mediated workplaces.

✍ CNBC
📸 Noah Berger | Reuters