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Visa is making major changes to its business this July as the company works to become more efficient and focus on future growth.

The payments company plans to cut around 7% of its workforce, which is about 2,600 jobs. Many of the changes are expected to affect technology and product teams as Visa reorganizes parts of its operations.

The decision shows how even large and successful financial companies are looking for ways to control costs and adjust to new technology. Visa continues to benefit from strong consumer spending and the growing use of digital payments around the world.

Investors are now watching to see how the changes could affect the company’s future performance. Visa shares moved slightly higher following reports of the restructuring.

As the financial industry continues to change, Visa’s decision shows how major companies are balancing growth, technology, and costs to remain competitive.