Visa: 320 jobs cut
Visa announced plans to lay off 320 employees at its Foster City campus, representing a 12% reduction of its workforce. The layoffs are part of a broader strategy to enhance efficiency and redirect resources towards growth opportunities, with CEO Ryan McInerney highlighting the role of AI in this transformation. The cuts are set to take effect on October 1, 2026.
Conservative
0
Core Estimate
240
Upper Bound
320
Sources
New California filings show hundreds in Bay Area to lose jobs at Visa
New California filings show hundreds in Bay Area to lose jobs at Visa San Francisco Chronicle LogoHearst Newspapers Logo Skip to main content # New California filings show hundreds in Bay Area to lose jobs at Visa By Aidin Vaziri, Staff WriterAug 4, 2026 Share to Facebook Share to Twitter Share to bluesky Share from Email Visa will permanently lay off 320 employees at its Foster City campus beginning Oct. 1. The cuts follow a quarter in which the company reported $5.6 billion in net income