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via manilatimes.netBusiness & Companies

American Express cutting 5% of global workforce

FROM THE WIRE · MANILATIMES.NET

NEW YORK — American Express (AmEx) announced on Friday it is cutting 5 percent of its global workforce, or around 3,800 jobs, while it revamps operations as artificial intelligence (AI) roils the payment industry.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralRestructuring at a major financial company tied to AI disruption in the payments industry.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01American Express will cut 5% of its global workforce, around 3,800 jobs.
  2. 02The company is revamping its operations.
  3. 03Artificial intelligence is disrupting the payment industry.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
American Express CompanyAXPStock313.03 USDMarket closedtoday -3.73%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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