AI Layoffs & Jobs News ・ 📉 Job cuts attributed to AI

American Express to Cut 3,500 Jobs as It Accelerates AI Use and Slims Staffing

Japanese media 🔗 Share link 10/23 20:19 UTC 🔗 Share link Bank Lays Off 5,000 Employees, Citing AI Adoption — Vietnam.vn · 10/24 01:47 UTC

American Express announced on the 23rd a plan to cut 5% of its global workforce, about 3,500 employees. The cuts are aimed at greater efficiency through measures including faster use of artificial intelligence (AI). CEO Stephen Squeri said at an earnings briefing that reviewing the organizational structure would speed decision-making and raise operating efficiency.

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