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American Express is cutting thousands of employees as the leading credit card company prepares for artificial intelligence to take over more of its internal processes.

cnb.cxAmerican Express is cutting 5% of its workforce to 'prepare for AI'Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.

23/10/26, 11:00 pm6 reposts11 likes

Daemascus

@daemascus.bsky.social

Bullshit, just the usual layoffs to make number go up

Mark O'Connell

@oconnellmark.bsky.social