Study also reveals that 10% of roles hired in 2024 are in job categories that didn’t exist in 2000, such as social media manager, data scientist, AI engineer, and sustainability manager.
The bulk of these cuts will affect technology roles with additional reductions anticipated within Visa's merchant sales and global digital partnership departments.
Although he refrained from specifying the exact number of jobs to be cut, CEO Georges Elhedery recognized the necessity for a "de-duplication of governance."
The demand for tech talent, especially in AI and cybersecurity, is rising, while in-office roles now offer premiums to incentivize a return to physical workplaces. To attract and retain top talent, employers must invest in continuous learning and comprehensive compensation packages.
Jade Harvey advises organisations to invest in employee growth and well-being, embrace flexible, human-centered technology, and build trust through transparent communication—key strategies for fostering an engaged, high-performing culture in 2025.
There are several challenges organisations face in payroll management, including high error rates and compliance issues. Organisations often rely on outdated manual processes and disparate systems, leading to inefficiencies and inaccuracies.
A common misconception about flexible work is that productivity occurs only in one environment, either at home or in the office. In reality, productivity varies by task, with focused work often suited for home and collaboration thriving in the office, according to Marissa Alley.