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Friday, October 23, 2026Updated 23:59 UTC

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AmEx lifts 2026 profit forecast, plans to cut 5% of workforce

Source: Reuters · Oct 23, 2026 13:49 UTC

Close-up of supercomputer cabinet panels in a NASA data center — File photo NASA / Dominic Hart · Public domain · Source

The Quick Take

AmEx lifts 2026 profit forecast, plans to cut 5% of workforce Reuters American Express is cutting 5% of its workforce to 'prepare for AI' CNBC American Express to Cut 3,500 Jobs WSJ American Express profits rise; company plans to cut workforce by 5%, or about 3,500 employees AP News Amex to Slash 5% of Headcount as CEO Seeks to Reduce Expenses Bloomberg

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