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American Express to Reduce Workforce by 5% in Cost-Cutting Move
1 day ago /
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Author：小编
Steve Squeri, CEO of American Express, has declared a global staff reduction of 5% in an effort to rein in escalating costs. Presently, the company employs 78,000 individuals, implying that around 3,500 roles will be eliminated. In recent times, numerous financial institutions have persisted in laying off employees, a trend partly attributed to the growing integration of artificial intelligence. Just this week, Barclays unveiled plans to slash 5,000 jobs as well.
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