American Express is cutting 5% of its workforce to 'prepare for AI

News Seconds STORY Breaking 1 of 5 Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday. Source: CNBC Tap for next ➜ ✕ Home

The Core Event

News Seconds STORY What Happened 2 of 5 Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday. Source: CNBC Tap for next ➜ ✕ Home

Key Facts

News Seconds STORY Details 3 of 5 Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday. Source: CNBC Tap for next ➜ ✕ Home

Context & Significance

News Seconds STORY Business 4 of 5 Public updates continue. Source: CNBC Tap for next ➜ ✕ Home

Outlook

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