FinanceThe Next Webabout 2 hours ago
American Express Cuts 5% of Staff
2 min read
American Executive cuts 5% of its global workforce and takes a $336M restructuring charge. CEO Stephen Squeri announced the move on Friday to prepare for AI. Revenue rose 9% to a record $20.1bn, while net income rose 28% to $3.7bn. The company also raised full-year guidance to $18.30 to $18.60 a share.
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