American Express Plans to Cut About 5% of Global Workforce
CEO Stephen Squeri told analysts the company took a restructuring charge in the third quarter for a plan expected to eliminate about 5% of its global workforce.
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01:08:53 PM UTC
SquawkNews
American Express Took $336M Restructuring Charge in 3Q for Layoffs
American Express recorded a restructuring charge in the third quarter tied to a plan to reduce its global workforce by about 5%, CEO Stephen Squeri told analysts on a post-earnings call on Friday.