Amex cuts 5,400 jobs
- Published: 11 Jan 2013 at 19.51
- Online news: News
WASHINGTON — American Express said Thursday it would lay off 8.5% of its workforce in 2013, in an effort to contain operating expenses and adapt to customers moving to online and mobile platforms.
The bank said it would eliminate 5,400 jobs, though some of those will be offset by new positions, for a net cut of 4% to 6% of the 63,500-strong workforce.
The layoffs will span different staff groups and businesses, both in the United States and its international operations, the company said.
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