Mastercard Plans Major Staff Overhaul, 1,000 Jobs Affected

Quick Summary:

This decision is part of a wider re-organization of the company in order to cut costs and divert the focus on certain areas for development.

Mastercard Inc will be laying off 3% of its employees which is about 1000 employees as stated by a company representative.

This card will seek to close the gap that is between the digital assets and the normal financial transactions.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Crypto card Mastercard

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 21:24:25 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22108388

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 37 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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