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▲ American Express is cutting 5% of its workforce to 'prepare for AI'(cnbc.com)
5 points by lxm 5 hours ago | 1 comments
▲toomuchtodo 5 hours ago | parent [-]

Their card volume is down, AI is the excuse to increase productivity by cutting headcount to maintain profitability targets.

American Express Q3 earnings beat as network volume disappoints - https://seekingalpha.com/news/4656496-american-express-q3-ea... - October 23rd, 2026