Reported about 2 months ago
Mastercard is set to reduce its global workforce by 3%, affecting approximately 1,000 employees, as it aims to refocus on its core businesses. The company plans to invest resources into growth areas, including expansion into new markets and enhancing its cyber and anti-fraud initiatives. This restructuring comes with a one-time charge of $190 million, as stated by the company's CFO.
Source: YAHOO