Visa to lay off around 1,400 employees and contractors

Card giant Visa is planning to lay off about 1,400 employees and contractors by the end of the year, the Wall Street Journal reported, citing people familiar with the matter. About 1,000 of the cuts are expected to eliminate technology positions.

Visa’s stock saw a minor rise of 0.3% in the last session. The Stochastic indicator is giving a negative signal.
Support: 279.24 | Resistance: 289.89