Mastercard Inc., the U.S. multinational payment card services company, says it will cut 3% of its global workforce.
Bloomberg reported that about 1,000 people would be affected, based on Mastercard Inc. 's employee numbers released late last year.
In an emailed statement, a mastercard spokesman said: "We recently announced organizational changes, restructuring regions and business lines to accelerate growth and unlock capabilities that will lead to investments in long-term opportunities." In making the changes, the company will "redeploy resources to growth areas," the spokesman said.
Most of the layoff notices are expected to be completed by Sept. 30, the spokesman added.
According to mastercard's most recent annual report, the New York-based company had about 33,400 employees around the world at the end of last year, about 67% of them in more than 80 countries outside the U.S. Its Labour costs were $6bn at the end of last year.
On October 16th local time, it was reported that a Boeing 737 MAX 8 flight of United Airlines from Denver to Los Angeles had its windshield break during the flight.
On October 16th local time, it was reported that a Boeing 7…
The World Economic Outlook Report released by the Internati…
The recently held G20 Finance Ministers and Central Bank Go…
According to recent reports by The Guardian and Reuters, th…
Recently, according to Japanese media reports, bear attacks…
In June 2025, a massive wave of protests swept across the U…