Welcome in, today is Friday, July thirty-first, and we begin with Visa, cutting two thousand six hundred jobs and naming artificial intelligence as the reason, per HR Executive. Visa is cutting about two thousand six hundred jobs, roughly seven percent of its workforce, according to HR Executive. That account reports the payments company is pointing to artificial-intelligence-driven efficiency as the driver, and says it is reinvesting the savings into growth areas. So the company is presenting this as a redeployment as much as a reduction. That framing is the part worth holding onto. When an employer of that size puts its own name to automation as the cause, it hands the trade a live reference point for how large companies are sizing, staging and explaining a shift that most workforce plans are still treating as a forecast, and for the language boards and employee groups will start hearing back. Industry reaction leans skeptical of the framing itself. A recurring view is that attributing the cuts to AI efficiency reads as investor-facing positioning rather than a demonstrated cause, with some in the trade pointing to the scale of the severance charge as a sign the move is about cost structure more than automation. Also today, a very different kind of restructuring, in Germany. Porsche says it will cut five thousand jobs by twenty thirty-five, according to HRD Canada. That reporting says the cuts sit inside a newly unveiled Future Package agreed between the company's Executive Board and the General Works Council, together with the union IG Metall and the Südwestmetall employers' association. Bonuses will be reduced and pay increases deferred under the same package, per that account. The company calls it a socially responsible reduction, delivered through demographic effects, an expanded partial retirement program and voluntary severance agreements, with compulsory redundancies ruled out through the end of twenty thirty-five. Porsche says the package is meant to strengthen competitiveness and secure as many jobs as possible over the long term. Chief executive Michael Leiters is quoted saying it gives the company the opportunity to strategically realign and invest in that competitiveness. Ten years of runway, co-signed with the works council and the union before a single compulsory exit, is the negotiated shape large European restructurings take, and it sets a reference point other works councils will hold their own employers to. Industry reaction reads the cuts less as a company-specific misstep than as a symptom of a sector-wide squeeze, with practitioners pointing to weaker demand in China and parallel restructuring at other German carmakers. Now, a few more headlines moving the trade today. Workers who direct and refine AI agents outperform peers who simply delegate to them, HR Dive reports, per a study from KPMG and the University of Texas at Austin. Judging the output was the differentiator, even where other skills matched. Employers weighing individual coverage HRAs are hesitating over ACA marketplace cost and stability, including potentially high costs for workers, according to a survey reported by HR Dive. A jury has awarded a male surgical technician one hundred five thousand dollars, in a case where, according to the Equal Employment Opportunity Commission by way of HR Dive, two female obstetricians barred him from performing his job because of his sex. And finally, Acas has opened a consultation on its code of practice for disciplinary and grievance procedures, Personnel Today reports, a window for employers to comment before any revised code takes effect.