{
  "id": 16193236,
  "title": "Amex to cut 3,500 jobs globally despite raising 2026 profit forecast",
  "url": "https://urgent.news/2026/10/23/amex-to-cut-3-500-jobs-globally-despite-raising-2026-profit-forecast",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T13:48:44.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/international-business/amex-to-cut-3500-jobs-globally-despite-raising-2026-profit-forecast/articleshow/135147846.cms"
  },
  "original_language": "en",
  "account": "American Express is reducing its workforce by approximately 3,500 employees globally, despite raising its profit forecast for 2026. CEO Steve Squeri aims to control costs and streamline operations amid a broader trend of workforce reductions in the financial services sector, driven by the adoption of artificial intelligence. The company reported better-than-expected third-quarter earnings of $4.68 per share, surpassing analyst estimates, and raised its full-year 2026 earnings guidance to $18.30 to $18.60 per share. However, Amex's billed business fell short of expectations at $454 billion, falling below the average analyst estimate of $456.9 billion. CEO Squeri emphasized the company's continued momentum, citing strength in billings, new acquisitions, and card member retention, as well as its premium-card offerings and partnerships.",
  "summary": "In a bid to boost operational efficiency, American Express announced it will be laying off around 3,500 employees worldwide. Despite reporting better-than-expected third-quarter earnings and upgrading its full-year forecast for 2026, the company is dealing with a decline in billed business and a looming regulatory fine for compliance issues. This restructuring is aimed at enhancing workflow while…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}