Daily Market Updates: American Express is cutting 5% of its workforce to 'prepare for AI'

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

Reported · Written up by our desk · Equities

Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.

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

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

US Markets

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

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