Jan 29 (Reuters) – Mastercard has completed a review of its business that will impact about 4% of its full-time employees, the payment processor’s CFO, Sachin Mehra, said on Thursday. “Based on the recent strategic review of our business, we expect to record a one-time restructuring charge in Q1 of approximately $200 million,” Mehra said […]
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Mastercard to lay off 4% of its global workforce, CFO says
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Jan 29 (Reuters) – Mastercard has completed a review of its business that will impact about 4% of its full-time employees, the payment processor’s CFO, Sachin Mehra, said on Thursday.
“Based on the recent strategic review of our business, we expect to record a one-time restructuring charge in Q1 of approximately $200 million,” Mehra said on a call with analysts.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Maju Samuel)