https://www.live-feeds.com/feed/american-express-plans-to-cut-5-of-global-jobs-the-stock-is-falling-on-earningsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/american-express-plans-to-cut-5-of-global-jobs-the-stock-is-falling-on-earningshttps://www.live-feeds.com/feed/american-express-plans-to-cut-5-of-global-jobs-the-stock-is-falling-on-earnings#u164218Fri, 30 Oct 2026 14:42:09 +0000American Express plans to reduce its global workforce by 5% alongside its third-quarter financial results. Chief Executive Stephen Squeri announced the restructuring to prepare the company for artificial intelligence and control operating expenses. The headcount reduction equates to roughly 3,500 to 4,000 employees. Despite reporting higher profits, raised earnings per share guidance, and strong customer retention for the $895 Platinum Card, company shares fell between 3.3% and 3.6% in afternoon trading. Management is taking a $336 million restructuring charge during the quarter to support the