American Express to lay off 3,500 employees worldwide in restructuring move

American Express plans to cut around 3,500 jobs globally, about 5% of its workforce, as it restructures operations.
• The company cited efficiency, faster decision-making and preparations for wider artificial intelligence adoption as reasons for the job cuts.
The cuts come despite a 28% rise in third-quarter net profit to $3.71 billion and a 9% jump in revenue.

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