American Express plans to cut about 5% of its workforce, roughly 3,500 jobs, in its first major job cuts in about a decade, and booked a $336 million restructuring charge as profits rose.
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Global
AI
Company cited AI: CFO told CNBC the restructuring aims to make Amex leaner and prepare it for AI.
Each layoff is an announcement a company made or confirmed, with at least one source. Employee totals add the numbers as stated: “about”, “at least” and “up to” figures count as given, and layoffs without a number count toward companies and layoffs only. Headquarters filters use where a company is based, not where the cuts happen.
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