Last month, Mastercard's CFO Sachin Mehra announced that the company would record a one-time restructuring charge of $190 million by the end of the quarter, he recalled. Reuters Agency. The consequence of this is to cut employment in all branches worldwide.
Layoffs at another American giant
“We recently announced organizational changes, realigning the business regions to accelerate growth and unlock capabilities that will enable investment in long-term opportunities,” Mastercard said in an emailed statement to employees, according to Bloomberg“As we implement these changes, we plan to shift resources to growth areas,” we read further. This includes entering new markets and strengthening the cybersecurity and anti-fraud department.
This corporate announcement tried to explain why the company decided to reduce employment by as much as 3 percent. informationwhich was obtained by the American media, it appears that about 1,000 people are to lose their jobs. According to the annual report, MasterCard was to employ 33,400 people at the end of last year. Interestingly, about 67 percent of them work outside the United States in over 80 countries.
Mastercard is laying off. Will Poles also lose their jobs?
It is still unknown how the layoffs will be distributed in individual countries. Mastercard also has a branch in Poland, more precisely in Warsaw at Plac Europejski. We have sent an inquiry to Polish branch of this company whether it will also be affected by layoffs, and if so, to what extent, we are waiting for a response. Employees affected by the reduction in positions are to be informed of the layoffs by September 30.