From Digg · · 50s
American Express Cuts 3,500 Jobs
American Express plans to cut 3,500 jobs, or 5% of its global workforce, to become more agile and efficient.
In brief
American Express plans to cut 3,500 jobs, or 5% of its global workforce, to become more agile and efficient. American Express will cut 3,500 jobs to reduce costs and improve efficiency. Originally reported by Digg.
American Express Job Cuts
American Express reportedly plans to cut about 3,500 jobs, or 5% of its global workforce.
CEO Stephen Squeri
CEO Stephen Squeri linked the restructuring to becoming more agile and efficient and reported a $336 million third-quarter charge.
Workforce Reduction
The company had almost 77,000 employees at the end of 2025, CNBC reported.
Cost Control Strategy
The Wall Street Journal described the cuts as an attempt to cap rising costs.
Restructuring Impact
Squeri said the company needed to become more agile and efficient to accelerate innovation.
The takeaway
American Express will cut 3,500 jobs to reduce costs and improve efficiency.
