American Express to cut about 5% of global workforce
By The BriefBrief
American Express plans to cut about 5% of its global workforce. The company reported third-quarter net income of $3.7 billion, up 28% year over year, and CEO Stephen Squeri said Friday it was taking a $336 million restructuring charge in the quarter. CNBC reported the cuts are intended to prepare for AI.
WHO:American Express
WHAT:American Express plans to cut about 5% of its global workforce.
WHEN:Oct 23, 2026
WHERE:USA
WHY:The cuts are intended to prepare for AI, according to CNBC.
Reporting from 2 identified publishers across this event arc.
