Mastercard plans to cut 1,000 jobs by Sept 30 for organizational overhaul and investment.

Mastercard plans to reduce its global workforce by 3% (~1,000 employees) by Sept 30th, focusing on organizational overhaul to accelerate growth and invest in long-term opportunities, according to Bloomberg News. The majority of job cuts are expected to occur before the end of September. Mastercard's fiscal 2021 annual report recorded 33,400 employees worldwide, with 67% based outside the US in over 80 countries.

August 16, 2024
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