Mastercard to Cut 3% of Global Workforce, Impacting 1,000 Employees

Aug 16, 2024, 05:33 PM

Mastercard Inc. has announced plans to cut 3% of its global workforce, which equates to approximately 1,000 employees. The decision is part of a strategic overhaul aimed at accelerating growth. As of last year, the company employed 33,400 people worldwide. The layoffs are expected to impact employees across various regions, although specific details about the affected areas have not been disclosed. Mastercard has not yet responded to requests for comment on the matter.