The Economic Times

Mastercard profit exceeds expectations, set to lay off 4% globally; shares nudge up

Mastercard exceeded fourth-quarter profit expectations due to resilient consumer spending, particularly in travel and essentials. The company announced plans to lay off approximately 4% of its global workforce, impacting over 1,400 employees, to reallocate investments. This strategic restructuring is expected to incur a $200 million charge in the current quarter.