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American Express Cuts 5% of Its Workforce as Revenue and Profit Rise
The card company recorded a $336 million restructuring charge while reporting record quarterly revenue and raising its full-year earnings forecast.
DW
By Dana Whitfield
Oct 28, 2026 · 5 min read
American Express plans to eliminate about 5% of its global workforce after recording a third-quarter restructuring charge, pairing a significant organizational reduction with record revenue and a higher full-year profit forecast.
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Dana Whitfield
Leadership Editor
Dana reports on boards, succession and executive pay. She has interviewed more than 200 sitting chief executives.