https://www.live-feeds.com/feed/american-express-to-cut-3-500-jobsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/american-express-to-cut-3-500-jobshttps://www.live-feeds.com/feed/american-express-to-cut-3-500-jobs#u159938Wed, 28 Oct 2026 11:17:17 +0000American Express plans to eliminate 3,500 jobs, amounting to 5 percent of its global workforce, while concurrently raising its profit forecast for 2026. Chief Executive Officer aims to reduce expenses as quarterly costs increased to $14.5 billion. The workforce reduction affects approximately 3,500 roles out of 78,000 total employees. Leadership frames the downsizing effort around preparing for artificial intelligence and streamlining operations to improve efficiency, matching a wider trend of corporate cost containment even as quarterly profit jumps driven by strong customer demand for premiu