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American Express cuts 3,500 jobs and takes $336 million charge

The company says the cuts are part of preparing for AI, showing how large financial firms are restructuring their workforces.

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American Express is cutting 5% of its global workforce, about 3,500 jobs, and taking a $336 million charge as it says the move is part of preparing for AI.
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How the headline evolved

  1. American Express cuts 3,500 jobs and takes $336 million charge

  2. American Express cuts 3,500 jobs and takes $336 million charge for AI

  3. American Express cuts 3,500 jobs in preparation for AI

  4. American Express cuts 3,500 jobs as it prepares for AI