01:32 PM EDT, 08/16/2024 (MT Newswires) -- Mastercard ( MA ) intends to cut 3% of its staff worldwide, Bloomberg reported Friday, citing a company spokesperson.

The cuts would amount to about 1,000 people, according to the report, which cited Mastercard's ( MA ) reported employee headcount at the end of 2023. The majority of the job cuts are expected to be completed before Sept. 30, Bloomberg reported, citing the spokesperson.

Mastercard ( MA ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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