Mastercard to cut 4% of workforce after strategic review, CFO says

Mastercard will lay off about 4% of its global full-time workforce following a review of its business, the payments company’s chief financial officer said on Thursday.

Sachin Mehra, Mastercard’s CFO, told analysts that the company expects to record a one-time restructuring charge of around $200 million in the first quarter as a result of the review.

“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 the call.

The comments were first reported by Reuters, which said the job cuts would affect roughly 4% of Mastercard’s full-time employees. The company did not disclose how many roles would be impacted in absolute terms, nor did it provide details on which regions or functions would be affected.

Mastercard has not issued a separate public statement on the layoffs beyond the remarks made during the analyst call.

The move comes as global companies across sectors reassess costs and organisational structures amid uneven economic conditions and continued investment in technology. Several firms in the financial services and technology sectors have announced workforce reductions in recent months following internal reviews.

Mastercard did not indicate whether additional restructuring actions are planned beyond the announced charge.