Visa is cutting 2,600 tech jobs to bankroll the tech that threatens it

Visa is cutting about 2,600 technology jobs, focusing on teams managing its card network, to reallocate funds toward emerging payment methods like stablecoins and cross-border transfers. AI is cited as a factor accelerating these changes but not the sole cause. This strategic shift aims to adapt to potential disruptions in traditional payment rails by investing in technologies that could replace them.