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Wajeeh Khan

AXP Stock Layoffs: What to Know About the Latest American Express Job Cuts

American Express AXP Layoffs AMEX Wall Street

American Express (AXP) shares slipped after the credit card giant reported mixed Q3 results and announced plans to eliminate about 3,500 jobs worldwide. The layoffs, representing about 5% of the company’s global workforce, accompany a restructuring to simplify operations and control costs.

Including the post-earnings decline, American Express stock is down roughly 17% versus the start of 2026.

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