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American Express is an US card issuer and payments company.Sources:1Banking Dive: Amex to cut roughly 3,500 employees, Banking Dive, 23 October 2026 (source, opens in a new tab)2Canadian HR Reporter: Amex to cut 5 per cent of workforce 'to prepare for AI', Canadian HR Reporter, 23 October 2026 (source, opens in a new tab)
Timeline
October 2026
- Dow falls 650 points to end the week as American Express says it will cut about 5% of jobsAnnounced cuts of about 5% of its global workforceSources:Banking Dive: Amex to cut roughly 3,500 employees, Banking Dive, 23 October 2026 (source, opens in a new tab)Canadian HR Reporter: Amex to cut 5 per cent of workforce 'to prepare for AI', Canadian HR Reporter, 23 October 2026 (source, opens in a new tab)
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Sources
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