About 5% of positions globally to be cut; $336M restructuring charge
Source-backed update · Announced reduction · American Express
EventAnnounced October 23, 2026 with third-quarter results; elimination of about 5% of positions globally
Added to WorkHushOctober 26, 2026
Work at American Express? Tell others what you’re seeing.
No account and no email, and no IP address or device details are stored with your post. Changed your mind? Take it down within 15 seconds, or up to 2 minutes with More time.
Sources
American Express Q3 2026 earnings call (transcript, The Motley Fool) · Oct 23, 2026Supports: CEO Stephen Squeri says the company took a $336 million restructuring charge in the quarter, expected to eliminate approximately 5% of positions globally.Open the sourceAmerican Express Q3 2026 earnings release (SEC Form 8-K, Exhibit 99.1) · Oct 23, 2026Supports: Shows a $336 million pretax ($253 million after tax) restructuring charge in the third quarter, tied to efficiency initiatives.Open the sourceReuters (via Lufkin Daily News) · Oct 23, 2026Supports: Reports American Express plans to eliminate 5% of its global workforce, or about 3,500 jobs, as part of a restructuring.Open the source
Not in the sources
The company did not give a job count, which teams or locations are affected, or when the eliminations will happen; Reuters puts it at about 3,500 jobs.
More job cuts in October 2026 ›