Visa bet its future on AI — then cut 2,600 of the engineers who build it
In July 2026 Visa cut ~7% of its staff, hitting the technology and product teams that build and run its network — while citing AI as the reason for the cuts.
Read the caseBusiness failures, costly decisions and the lessons they leave behind.
The full archive, in the appIn July 2026 Visa cut ~7% of its staff, hitting the technology and product teams that build and run its network — while citing AI as the reason for the cuts.
Read the caseNetEase's hit game 阴阳师 became a ¥6亿 film that grossed only ~¥2.6亿, the weakest of the 2021 Spring Festival slate.
Read the caseIn 2012, Séralini published a study claiming GMO corn caused tumors in rats. It was retracted for methodological flaws, then republished elsewhere.
Read the caseYelp investors said churn hurt local-ad growth sooner than disclosed; the 2017 class action settled for $22.25M.
Read the caseHuiyuan agreed to a $2.4B Coca-Cola buyout and hollowed out its sales network. Regulators blocked the deal in 2009; Huiyuan never recovered and was delisted.
Read the caseA 2023 software update took down Optus's entire Australian network for half a day, triggering a CEO resignation and a parliamentary inquiry.
Read the caseMitsubishi's Singapore oil unit lost $360M in 2019 when trader Wang Xingchen made unauthorized oil derivatives trades.
Read the caseLidl paid an influencer to promote its bakery on Instagram; the post showed a pain suisse. New UK rules made that a banned HFSS ad — among the first such bans.
Read the caseA botched AWS network change stuck 13% of EBS volumes; Heroku's single-region platform kept apps down for up to three days.
Read the caseTimex's Besançon plant since 1962, bought by ACI in 2024, liquidated March 2026 — 63 jobs gone, €3M treasury never returned
Read the caseThe only two daily-fantasy heavyweights merged into a 90% market; the FTC sued under the Clayton Act, and eight months of deal work ended in a walk-away.
Read the caseLotte Duty Free's first own fashion brand, built with dance studio 1MILLION, launched November 2024. Sales ended June 16, 2025; the mall closed July 17.
Read the caseA third-party committee found three Shogakukan decisions on a convicted abuser could be seen as fostering human-rights violations.
Read the caseKanadevia's engine subsidiaries rewrote fuel test data on nearly every marine engine shipped since 1999; executives knew by 2015 and let it run.
Read the caseJapanese anesthesiologist Fujii fabricated data in 183 papers over 20 years. A journal editor's suspicion exposed the largest medical fraud in history.
Read the caseDelivery Hero Korea made restaurants keep Yogiyo cheapest, then Korea fined the platform ₩468M.
Read the caseShi Zhengrong built the world's largest panel maker on debt and a NYSE listing. Overcapacity, a $680M fraud and US tariffs killed it in eighteen months.
Read the caseResearchers showed a nearby attacker could change insulin doses over radio; the old pumps had no software update path, so they were recalled.
Read the caseHackers hijacked the multisig signing screen Bybit used. Signers approved what looked like a routine transfer; 401,000 ETH left the cold wallet.
Read the caseThe tea brand's co-branded notebook copied independent designers. It admitted 'unauthorized appropriation' and pulled it — its second plagiarism in 50 days.
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