https://www.live-feeds.com/feed/amex-lifts-2026-profit-forecast-plans-to-cut-5-of-workforceContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/amex-lifts-2026-profit-forecast-plans-to-cut-5-of-workforcehttps://www.live-feeds.com/feed/amex-lifts-2026-profit-forecast-plans-to-cut-5-of-workforce#u157479Tue, 27 Oct 2026 08:15:52 +0000American Express plans to reduce its global workforce by 5%, affecting approximately 3,500 employees, as part of a restructuring effort to improve organizational efficiency and prepare for artificial intelligence. The job cuts accompanied a financial update that included raising the company's 2026 profit forecast above Wall Street expectations. Despite the positive profit outlook and stronger earnings driven by customers maintaining high spending on products such as the 895 dollar Platinum Card and a 10% rise in travel and entertainment spending, company shares dropped following the annou