# American Express to cut 5% of workforce to prepare for AI

https://mins.news/en/item/112839

- CNBC, 2026-10-23 13:59 UTC
- Economy
- Original: https://www.cnbc.com/2026/10/23/american-express-job-cuts.html

> American Express plans to cut 5% of its workforce. CEO Stephen Squeri said Friday the company is taking a $336 million restructuring charge in the third quarter; it reported its quarterly results earlier that day.

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