# 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.
- Title: American Express Cuts 3,500 Jobs · Digg | Shortify
- Summary: 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…
- Keywords: american express, stephen squeri, job cuts, restructuring, 3500 jobs, 5 percent workforce, business, finance, American, Express, Cuts, 500
- Source: Digg — https://digg.com/world-business/9cvhqykq
- Published: 2026-10-23T14:12:53.743+00:00
- Read time: 1 min
- Topics: american express, stephen squeri, job cuts, restructuring, 3500 jobs, 5 percent workforce, business, finance
## 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.
## Key takeaway

American Express will cut 3,500 jobs to reduce costs and improve efficiency.