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AmEx CEO says company to cut 5% of total workforce

By Thomson Reuters Oct 23, 2026 | 7:44 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)