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Wajeeh Khan

V Stock Layoffs: What to Know About the Latest Visa Job Cuts

V Visa Mastercard

Visa (V) stock is ripping higher on Tuesday after the NYSE-listed credit card company announced plans to lay off roughly 7% of its global workforce. In its press release, the payments giant said it will eliminate about 2,600 roles in total — primarily affecting its worldwide technology and product-focused staff.

Following today’s gains, Visa shares are up about 25% versus their year-to-date low.

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