# AmEx CEO says company will cut 5% of workforce

https://mins.news/en/item/113223

- Reuters, 2026-10-23 18:35 UTC
- Economy
- Original: https://www.reuters.com/business/amex-ceo-says-company-cut-5-total-workforce-2026-10-23/?link_source=ta_bluesky_link&taid=6adba8d8de7d36000197dd19

> American Express recorded a restructuring charge in the third quarter for a plan expected to cut about 5% of its global workforce, CEO Stephen Squeri told analysts on a Friday post-earnings call.

## Related coverage

- [American Express to cut 5% of global workforce as CEO targets costs](https://mins.news/en/item/112908) — Bloomberg News, 2026-10-23
- [American Express to cut 5% of workforce to prepare for AI](https://mins.news/en/item/112839) — CNBC, 2026-10-23
