Amex to cut 3,500 jobs globally despite raised 2026 profit outlook
American Express plans to lay off roughly 3,500 employees worldwide as part of an effort to improve operational efficiency. The job cuts come even though the company posted stronger-than-expected third-quarter earnings and raised its full-year forecast for 2026. Amex is also contending with a drop in billed business and a pending regulatory fine tied to compliance problems. The restructuring is intended to streamline workflows while supporting continued growth and customer loyalty.
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