https://www.live-feeds.com/feed/american-express-is-cutting-5-of-its-workforce-to-prepare-for-aiContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/american-express-is-cutting-5-of-its-workforce-to-prepare-for-aihttps://www.live-feeds.com/feed/american-express-is-cutting-5-of-its-workforce-to-prepare-for-ai#u159780Wed, 28 Oct 2026 10:12:19 +0000American Express plans to reduce its global workforce by 5 percent to streamline operations and adapt to artificial intelligence. CEO Stephen Squeri announced the restructuring alongside third-quarter financial results. Reports vary on the exact headcount impact, with figures citing both 3,500 and approximately 3,800 jobs affected. The company is taking a 336 million dollar restructuring charge for the quarter. Despite the layoffs, American Express reported strong profits driven by customer demand for products like the 895 dollar Platinum Card, prompting leadership to lift its 2026 profit fore