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American Express Announces Workforce Reduction Plan and Third Quarter Results

Payments Dive ·

  1. 1American Express plans a workforce reduction of nearly 4.5%.
  2. 2Amex billed business volume reached $454 billion on a foreign exchange adjusted basis for the quarter.
  3. 3Third quarter net income rose 28% to $3.71 billion.

So what's the key point?

American Express decided to reduce its staff by 4.5%. However, the company earned more money as third quarter net income increased to $3.71 billion.

Source Payments Dive · View original ↗

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