🚨🇺🇸 American Express is AXING 5% of its workforce, eliminating roughly 3,500 jobs to curb surging costs.
CEO Steve Squeri defended the move, saying the job cuts were aimed at making the company “more agile" and it will speed up decision making.
The cuts come despite Amex beating Q3 earnings expectations with $4.68 per share and raising its full-year forecast to between $18.30 and $18.60.
Source: Bloomberg / Writer: Bri
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Mark Swisher @markswisher ·
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@MarioNawfal Private companies are always hiring and firing to optimize their efficiencies and productivity.
Too bad the public sector refuses to do the same.






























