# Amex Cuts 5% Workforce, Books ¥53 Billion AI Costs

> American Express plans to cut 5% of its global workforce and book ¥53 billion in AI-related restructuring costs.
- Title: Amex Cuts 5% Workforce, Books ¥53 Billion AI Costs | Shortify
- Summary: American Express plans to cut 5% of its global workforce and book ¥53 billion in AI-related restructuring costs. American Express will cut 3,800 employees…
- Keywords: american express, workforce reduction, ai adoption, restructuring costs, global workforce, revenue growth, net income, finance, markets, Amex, Cuts, Workforce
- Source: BigGo Finance — https://finance.biggo.com/news/ed5ecfd3-d662-473c-8e10-95150b948db5
- Author: BigGo Finance
- Published: 2026-10-23T22:35:09+00:00
- Read time: 1 min
- Topics: american express, workforce reduction, ai adoption, restructuring costs, global workforce, revenue growth, net income, finance, markets
## Workforce Cuts
American Express announced plans to cut 5% of its global workforce, affecting 3,800 employees based on 76,800 headcount as of December 2025.
## AI Restructuring Costs
The company booked $336 million (approximately ¥53 billion) in restructuring costs for the July-September 2026 quarter to streamline operations and prepare for AI adoption.
## Streamlining Rationale
American Express aims to become a leaner, more agile company to improve AI adoption and operational efficiency through workforce reduction.

> a leaner, more agile company
## Key takeaway

American Express will cut 3,800 employees globally to become leaner and more agile for AI adoption, booking ¥53 billion in restructuring costs.