Visa layoffs: Senior executives earning up to Rs.4.36 crore among 2,600 employees affected
New Delhi, Aug. 5 -- Visa's latest round of artificial intelligence-fuelled layoffs, affecting nearly 2,600 employees, has extended well beyond junior and mid-level employees. In the wee hours of July 29, several employees woke up to emails from the human resources team informing them that their jobs had been cut as the payments giant restructures its operations to focus on artificial intelligence.
A lay-off notice filed in California shows that Visa's latest job cuts at its Foster City headquarters have affected vice presidents, senior directors and senior technical employees.
A WARN notice filed on July 31, shows that Visa is laying off 320 employees at its Foster City headquarters, with the job cuts spanning multiple business functio...
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