BusinessPhoto: NDTV WorldAmerican Express to Cut 5% of Global Workforce Amid AI Shift
American Express announced it will cut 5% of its global workforce, about 3,800 jobs, as part of a restructuring to become more agile and efficient. CEO Stephen Squeri said the move will help the company invest in priorities amid AI-driven changes in the payment industry. The cuts caused $336 million in one-time costs, but profits rose 28% to $3.7 billion in Q3. AmEx had 76,800 employees at the end of 2025.
NDTV World·


