https://www.live-feeds.com/feed/american-express-to-cut-5-of-global-workforceContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/american-express-to-cut-5-of-global-workforcehttps://www.live-feeds.com/feed/american-express-to-cut-5-of-global-workforce#u156420Mon, 26 Oct 2026 15:32:50 +0000American Express plans to eliminate approximately 5% of its global workforce, representing about 3,500 employees, as part of an organizational restructuring initiative. CEO Stephen Squeri announced the job cuts alongside the company's third-quarter results, revealing a $336 million restructuring charge for the period. Executives stated that the workforce reduction is designed to improve efficiency, simplify the corporate structure, and prepare the company for artificial intelligence adoption. Simultaneously, the financial services firm lifted its profit forecast.Why it mattersThe strategi