HR Trend

NASA's JPL reports a 5% reduction in staff due to a budget deficit

Mozilla cuts 30% of its workers as part of a restructure

Bosch cuts 7,000 jobs amid financial challenges

Nissan to cut 9,000 jobs worldwide due to financial difficulties

Freshworks cuts 13% of its workers worldwide

Visa Inc. is reportedly planning to reduce its workforce by approximately 1,400 employees and contractors by the end of 2024. This decision is part of an initiative to streamline its global operations. The cuts are expected to impact around 1,000 positions, primarily within the technology division, as the company aims to enhance operational efficiency. This restructuring aligns with Visa’s strategic focus on refining its international functions while continuing to grow in a competitive digital payments landscape. In addition to technology roles, the restructuring is likely to affect the company’s merchant sales and global digital partnership teams. Some layoffs have already occurred, but it is anticipated that employees within the global digital partnership division will remain until...