Mastercard to Cut 3% of Workforce Amid Previously Announced Reorganization
Mastercard(MA) PYMNTS.com·2024-08-17 07:48
Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this year.Most of the employees who will be affected by the move will be notified by the end of the current quarter, Reuters reported Friday (Aug. 16), citing a Mastercard spokesperson.“As these changes are made, we plan to redeploy resources into growth areas,” the spokesperson said, according to the report.Mastercard Chief Financial Officer Sachin Mehra said in July tha ...