Visa's Global Layoffs Signal Challenges for Tech and Finance Job Markets

Posted on Nov 7, 2024

Visa is set to lay off around 1,400 employees by the end of 2024 to optimize its global operations. This move aligns with broader tech industry trends, where companies streamline costs amid economic uncertainties. Around 1,000 of these cuts will affect technology roles. In the context of the Canadian job market, which has seen mixed recovery post-pandemic with layoffs in tech and finance sectors, Visa's decision could impact market sentiment. Job seekers may face heightened competition, particularly in tech and financial services, emphasizing the need for diversification in job skills.

Have you been laid off by Visa in Canada? Contact our employment lawyers today. Our legal team offers a free consultation and works on a contingency basis—there are no fees unless you win your case.

Arasu Kannagi Basil’s original article, “Visa to lay off around 1,400 employees and contractors, WSJ reports ” was published in Yahoo Finance News on September 24, 2024. Read the Full Bloomberg News story.

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Visa's Global Layoffs Signal Challenges for Tech and Finance Job Markets

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