Amex cuts 5,400 jobs | Bangkok Post: news

News > World

Amex cuts 5,400 jobs

- +

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.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments