American Express is cutting 5% of its workforce to 'prepare for AI'

Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.

Published on RocksNews: 23 Oct 2026, 13:50 UTC
Updated: 23 Oct 2026, 13:50 UTC
Language: English

American Express is cutting 5% of its workforce to 'prepare for AI' — American Express is cutting 5% of its workforce to 'prepare for AI' — Image credit: CNBC – Top News

Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.

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American Express is cutting 5% of its workforce to 'prepare for AI' | RocksNews