Topics regarding layoffs at American Express Co.

Topics regarding layoffs at American Express Co.

Layoffs

Capital one is laying off employees cutting depts by 50% in zoom meetings?! With a recession upon us, is anyone hearing any talk on our end? It’s giving me anxiety worrying about job security every day. This reminds me of 2009.

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Post ID:  @OP+1jQSzPcs

AmEx Hiring 1000's of positions

What do you current Amex folks think about the recent announcement to hire a bunch of tech people? I worked at Amex many years ago, well before Ravi, Squeri and a few other CIOs were there. I think Glen was the CIO when I left.

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Post ID:  @OP+1iP26lLE

While I am very grateful for the excellent severance package, I am resentful that at least on my team the layoffs were all among older, tenured

American Express has been layoff-crazed since the early 90s. It is the singular go-to for cost savings by an old school, unimaginative leadership team. I worked there for over 30 years before getting laid off as one if 1500 in early 2020. While I am... —  read more 

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Post ID:  @OP+1dsNewmM

Is there anything new?

Why is it so quiet here? Is it possible that nothing new is happening? At the beginning of the year I was told that I was no longer needed. At first I went through a horribly stressful period, but now I finally got a new job. I just came to see how... —  read more 

Layoffs Abound

I worked at American Express for over 30 years, and what I learned in that time is invaluable. Initially, I was so impressed with the management and the leadership and the employee treatment. That changed over the years, and now the company is known... —  read more 

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Post ID:  @OP+198cLxzb

Get ready folks!

It wouldn’t be a bad idea to save every penny you can, refresh your skills, spruce up your resume, and keep networking to survive any layoffs that are planned for 2021. Make no mistake, whether it’s in the beginning of the year or towards the end -... —  read more 

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Post ID:  @OP+17MmclpU

Ongoing layoffs

American Express is a good place to work at, apart from continuous layoffs that have little logic to it. Latest two rounds make it seem as if they get a number they need to fulfill (for operating costs reductions or whatever,) and they just choose... —  read more 

Fire American workers

American Express went downhill fast when their motto was fire American workers and force them to train their #H1B replacements or Indian outsourced workers in order to get severance. Year after year until their quality was below Capital One. No... —  read more 

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Post ID:  @OP+GcE56kp

Six Scammers - Fraud Share Buy-Backs

Six companies, per Philly.com, that lost the most buying back their own shares. The companies with the biggest paper losses are as follows: IBM: - $9.8 billion Qualcomm: -$7.4 billion American Express: -$4.1 billion Exxon Mobil: -$3.9 billion Hess:... —  read more 

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Post ID:  @OP+FTComp0

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