Visa climbs after Bloomberg report on 7% workforce reduction

Visa

28/07/2026 14:06

** Shares of payments processor Visa V.N rise 1.9% to $369.5 in premarket
** Co to cut 7% of its workforce, or about 2,600 jobs, Bloomberg News reports, citing a staff memo
** Job cuts will primarily affect the technology and product teams, the report adds
** Visa did not immediately respond to a Reuters request for comment
** 42 of 45 analysts rate the stock "buy" or higher and three "hold"; their median PT is $400 - data compiled by LSEG
** As of last close stock up, 3.3% YTD

 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com))