# American Express to cut 5% of global workforce as CEO targets costs

https://mins.news/en/item/112908

- Bloomberg News, 2026-10-23 14:45 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-10-23/amex-raises-guidance-after-earnings-beat-wall-street-estimates?link_source=ta_bluesky_link&taid=6adb72f5de7d36000197da02

> American Express plans to reduce its global headcount by 5% as CEO Steve Squeri seeks to contain the company’s rising costs.

## Related coverage

- [AmEx CEO says company will cut 5% of workforce](https://mins.news/en/item/113223) — Reuters, 2026-10-23
- [American Express to cut 5% of workforce to prepare for AI](https://mins.news/en/item/112839) — CNBC, 2026-10-23