Overview
- Visa announced on July 28, 2026 that it will eliminate roughly 2,600 jobs, about 7% of its global staff, concentrated in technology and product teams.
- A California WARN filing shows 320 permanent layoffs at Visa’s Foster City campus scheduled for Oct. 1 and lists multiple vice presidents, senior directors and engineering architect roles among those affected.
- Many India-based employees reported receiving early-morning layoff emails on July 29 and said access to laptops and systems was revoked quickly after notice.
- Days after the WARN filing Visa disclosed a $2.4 billion cash deal to buy BioCatch, an Israeli firm that uses behavioral biometrics for fraud detection, signaling concurrent cost reductions and targeted AI investment.
- Visa’s leadership frames the moves as a strategic shift to ‘agentic AI’ that will change how work is done and free funds for growth areas, even as the company reported rising quarterly revenue and profit.