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AmEx CEO says company to cut 5% of total workforce

October 23, 2026 8:44 AM

Oct ‌23 (Reuters) - ​American ​Express ‌took a restructuring ⁠charge ‌in the third ‌quarter for a ​plan expected ⁠to eliminate ​about 5% of its global ​workforce, ‌CEO Stephen ⁠Squeri told ⁠analysts on an ​post-earnings call on Friday.

(Reporting ‌by Manya ‌Saini ⁠in ‌Bengaluru; Editing ​by Tasim ‌Zahid)

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