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financialnews

Stealth • 24d

World Street Update | Visa to Cut 1,400 Jobs; EU Raises Tariffs on Chinese EVs; Alphabet Posts Strong Q3 Sales, and More Visa is planning to lay off around 1,400 employees, primarily in tech and global partnerships, as part of efforts to streamline its international operations, according to a report by the Wall Street Journal. Of these cuts, approximately 1,000 are expected in technology roles, while the remainder will impact Visa’s merchant sales and global digital partnership divisions. Some layoffs have already started, with the remaining roles expected to be phased out by the year’s end. In other major global news, the EU has raised tariffs on Chinese electric vehicles (EVs) to as much as 45.3%, a move that has heightened tensions with Beijing. ByteDance’s Zhang Yiming has now topped China’s rich list with a net worth of $49.3 billion, overtaking bottled water tycoon Zhong Shanshan, click here to know more

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