Finance

Mastercard Plans to Cut 3% of Staff Worldwide AmidĀ Overhaul

Mastercard headquarters in Purchase, New York.

Photographer: Tiffany Hagler-Geard/Bloomberg
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Mastercard Inc. is cutting 3% of staff worldwide, according to a spokesperson for the payments network.

That would work out to about 1,000 people, based on its reported employee count at the end of last year.