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Coverage dated October 22, 2026 to October 23, 2026

American Express to slash 5% of workforce in latest AI-driven layoffs

Headline from New York Post

The company on Friday announced a $336 million restructuring charge as part of the layoffs, which will impact thousands of the firm’s roughly 77,000 workers.

New York Post's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

4 articles, oldest first.

  1. Just the News

    American Express is cutting 5% of its global workforce to 'prepare for AI,' CFO says (opens Just the News)

    Published

    Just the News's feed description

    The cuts at Amex are part of a broader trend in the financial services sector, and many firms are looking to replace repetitive roles with AI automation.

  2. Quartz

    American Express is cutting about 3,500 jobs to make room for AI (opens Quartz)

    Published

    Quartz's feed description

    The card company is eliminating 5% of its global workforce and taking a $336 million pretax restructuring charge

  3. Fast Company

    American Express layoffs: Thousands of roles slashed in AI push as job losses in financial services pile up (opens Fast Company)

    Published

    Fast Company's feed description

    It hasn’t been a good week for workers in the banking and financial sector. Yesterday, UK banking giant Barclays announced it was laying off 5% of its workforce , or nearly 5,000 workers, as it transitions more of the bank’s operations to artificial intelligence systems.

  4. New York Post

    American Express to slash 5% of workforce in latest AI-driven layoffs (opens New York Post)

    Published

    New York Post's feed description

    The company on Friday announced a $336 million restructuring charge as part of the layoffs, which will impact thousands of the firm’s roughly 77,000 workers.