Visa Cuts 1,400 Jobs, Tech Roles Mostly Affected
What’s going on at Visa?
Visa is reportedly planning to lay off approximately 1,400 employees and contractors by the end of the year.
According to the Wall Street Journal (WSJ), around 1,000 of the jobs being cut are expected to be technology positions.
A spokesperson for the credit card giant told Reuters that the company continuously evolves its operational model to support growth, which can “lead to the elimination of some roles.”
The WSJ claimed in its report that Visa began scaling back its staffing levels last week.
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• Dropbox to cut 20% of staff amid ‘softening demand’
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• Meta Layoffs: Reality Labs, Instagram, and WhatsApp teams affected
Impact on Canadian staff
It remains unclear if Canadian employees or contractors at Visa are affected.
According to LinkedIn, the company has more than 230 workers in the country.
If you’re a non-unionized employee, check out our Visa Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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Lost Your Job? Get Help Now
📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.
Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.
If you’ve lost your job at Visa for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.
Contact your union immediately. By law, employment lawyers can’t represent unionized employees.
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.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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