Confirmed announcement on October 23, 2026: CEO Squeri disclosed the expected 5% global position reduction on the Q3 earnings call. This dates the disclosure, not completed departures; no completion date is claimed.[1]
American Express disclosed a $336 million restructuring charge on October 23 and said the plan is expected to eliminate about 5% of positions globally. The announcement accompanied record Q3 revenue of $20.062 billion and higher full-year earnings guidance.
$336M