# American Express Cuts 5% Headcount After Earnings Beat

> American Express cuts 5% of global headcount as CEO targets cost control post-earnings beat.
- Title: American Express Cuts 5% Headcount After Earnings Beat
- Summary: American Express cuts 5% of global headcount as CEO targets cost control post-earnings beat. American Express Co. plans to cut 3,500 jobs globally to manage…
- Keywords: american express, steve squeri, headcount, earnings, wall street, jobs, cost control, business, finance, American, Express, Cuts
- Source: Bloomberg — https://bloomberg.com/news/articles/2026-10-23/amex-raises-guidance-after-earnings-beat-wall-street-estimates
- Read time: 1 min
- Topics: american express, steve squeri, headcount, earnings, wall street, jobs, cost control, business, finance
## American Express Earnings Beat
American Express Co. reported earnings that exceeded Wall Street estimates.

> American Express Co. is cutting 5% of its headcount globally as Chief Executive Officer Steve Squeri seeks to keep a lid on the company’s rising costs.
## CEO Targets Cost Control
Steve Squeri aims to manage rising costs through headcount reductions.

> Squeri told Bloomberg TV that the company has 78,000 employees, meaning the move will affect about 3,500 jobs.
## Global Headcount Reduction
The company will cut 3,500 jobs globally from its 78,000 employee base.

> Squeri told Bloomberg TV that the company has 78,000 employees, meaning the move will affect about 3,500 jobs.
## Earnings Context
The cuts follow strong earnings performance that beat Wall Street expectations.

> American Express Co. is cutting 5% of its headcount globally as Chief Executive Officer Steve Squeri seeks to keep a lid on the company’s rising costs.
## CEO's Stance
Steve Squeri stated the company needs to control costs amid rising expenses.

> Squeri told Bloomberg TV that the company has 78,000 employees, meaning the move will affect about 3,500 jobs.
## Job Impact
Approximately 3,500 jobs will be eliminated globally from the company's 78,000 workforce.

> Squeri told Bloomberg TV that the company has 78,000 employees, meaning the move will affect about 3,500 jobs.
## Key takeaway

American Express Co. plans to cut 3,500 jobs globally to manage rising costs after exceeding Wall Street earnings estimates.