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

1 comments

• $toomuchtodo 9 hours ago

  Their card volume is down, AI is the excuse to increase productivity by cutting headcount to maintain profitability targets.

  American Express Q3 earnings beat as network volume disappoints - https://seekingalpha.com/news/4656496-american-express-q3-ea... - October 23rd, 2026