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The Times of India

Top News / The Times of India

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Amex to cut 3,500 jobs globally despite raising 2026 profit forecast

In a bid to boost operational efficiency, American Express announced it will be laying off around 3,500 employees worldwide. Despite reporting better-than-expected third-quarter earnings and upgrading its full-year forecast for 2026, the company is dealing with a decline in billed business and a looming regulatory fine for compliance issues. This restructuring is aimed at enhancing workflow while ensuring continued growth and customer loyalty.

23 Oct 2026 7:18 pm