Mastercard Cutting 4% of Full-Time Workforce Following Strategic Review

Mastercard has announced job cuts affecting approximately 4% of its full-time workforce following a strategic review.

The workforce reduction comes as the credit-card giant continues to assess its cost structure and long-term operational strategy — even while reporting strong financial performance in its latest earnings release.

Which Roles at Mastercard are Affected?

Mastercard hasn’t disclosed which roles, departments, or geographic regions are most affected at this time.

Additionally, the company didn’t clarify when the job cuts will be completed, though they’re expected to occur over the course of 2026.

The bombshell announcement comes as Mastercard reported fourth-quarter revenue of $8.81 billion. CEO Michael Miebach said the company continues to see “healthy consumer and business spending” as it evaluates its exposure to regulatory risk in the payments industry.

Source

The latest round of job cuts at Mastercard were covered by multiple media outlets, including Retuers and The Wall Street Journal.

More Mastercard Layoff Coverage

For a full overview of Mastercard layoffs and the rights that non-unionized employees in Canada have in this situation, our Mastercard Layoffs & Severance Guide breaks down everything you need to know.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.