AmEx Raises 2026 Profit Forecast and Cuts Jobs
American Express raised its full-year profit outlook above Wall Street estimates while announcing plans to eliminate five percent of its global workforce. Shares declined in morning trading as the company pursues restructuring and greater efficiency.
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AMERICAN EXPRESS CO will eliminate 5% of its global workforce, amounting to 3,500 jobs, while raising its full-year 2026 profit forecast above estimates. The credit card giant is restructuring to improve operational efficiency. Shares fell 2.5% during morning trading following the announcement.
