New Delhi, July 31 -- A Bengaluru's Visa manager who secured 'outstanding performance reviews' lost his job in the latest round of layoffs, a former employee claimed on social media. This comes in the backdrop of Visa's restructuring campaign as a part of which the payments processor decided to cut back its outlays. By reducing 7% of its global workforce, it seeks to improve efficiency.

Soon after world's biggest payments network announced nearly 2,600 job cuts on 28 July, a former Visa employee, named Arnab Das, in a post on X shared the immediate impact. "Visa laid off some of my close friends. The worst part they laid off my manager yesterday and I don't know how to verify my CV points. What a worst situation to be in," the post said ...