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Friday, October 23, 2026Updated 15:22 UTC

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

Source: CNBC · Oct 23, 2026 15:04 UTC

Rows of NASA Pleiades supercomputer racks at Ames Research Center — File photo NASA / Dominic Hart · Public domain · Source

The Quick Take

Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.

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