💳 Visa Cuts 2,600 Jobs as AI Reshapes Operations
The move shows that even major payments companies are reassessing staffing as AI changes product development and operational priorities. For tech workers, it is another sign that engineering and product roles are not insulated from large-scale efficiency drives.
Visa is cutting about 2,600 jobs, roughly 7.0% of its workforce, as part of a restructuring announced on July 28, 2026. Technology and product teams are taking the biggest hit, with CEO Ryan McInerney saying AI is shaping how work gets done at the company. The announcement came hours before Visa’s fiscal third-quarter earnings.
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Source: layoffhedge.com
🎨 Patreon Lays Off 20% of Its Workforce
The cuts highlight the pressure on creator-focused platforms to balance a healthy core business with changing market conditions and sustainable costs. Tech workers may continue to face uncertainty even when employers describe their underlying businesses as strong.
Patreon is laying off 20% of its workforce. Conte said the company’s core business remains strong, but the platform needs to respond to market changes and adjust its cost structure to remain stable.
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Source: TechCrunch