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Los Angeles Times
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Visa, Intel, Uber and Patreon cut nearly 3,000 jobs
Visa plans to cut 2,600 jobs, representing nearly 7% of its workforce, amid efforts to increase operational efficiency and expand AI integration. The layoffs follow strong financial results, including a 14% revenue increase, and are part of broader job reductions across the Bay Area's tech sector. Other companies such as Intel, Uber, and Patreon have also announced layoffs recently, reflecting a trend of workforce trimming despite continued profitability in the industry.
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