American Express to cut about 5% of its global workforce

American Express plans to reduce roughly 5% of its global workforce as part of a restructuring. CEO Stephen Squeri said the move is intended to make the company a more agile and efficient organization. He shared the plan with analysts during an earnings conference call. The article provided limited further detail, so specifics on timing and affected roles are not confirmed here. The announcement reflects the company's effort to streamline operations.