Reduction will continue as the bank anticipates bigger losses in the 3rd quarter from commercial and consumer loans going sour, as the pandemic tightens its grip on the economy, and said it would set aside $10.5 billion to cover them. That's in... — read more
Topics regarding layoffs at American Express Co.
What's the impact and what are your thoughts?
Info request - what's the total headcount at the co? How many people are employed at NYC?
If you’ve been here a while you know the drill, due to restructuring Hearing more are coming.
Do you think there will be American Express Layoffs 2020? Any news or rumors?
Do you think there may be small/medium/large American Express Layoffs in 2019?
Hi, I have been offered a full time position in the Tempe office in the technology division. Can anyone tell me what the current situation is in Tempe? — read more
Market keeps going up and down, there is a ton of uncertainty and people are talking about layoffs in NYC.
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
I haven't been around long time but I already heard about possible job cuts in NYC.
Another round of big layoffs. Lots of departments going to India. Train your Indian replacement first!
Layoffs happening today. Good luck to all
They are cutting in Saint Petersburg, Phoenix, Salt Lake City and in New York. Saint Petersburg office will keep approximately 240 employees and contractors. Many contractors were laid off on December 31, 2015 and the larger layoff took place on... — read more
What do we know so far?
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
My entire group should be let go. It's a group that does nothing to impact the bottom line, although we always find a way to make ourselves look like we contribute significantly There are probably hundreds of other groups like that -- folks at Amex... — read more
employees from an office on Central Avenue in St. Petersburg - 2016
What is the likelihood of American Express layoffs in New York in 2016? Please let me know if you have any information.
Do they typically do everyone at the same time? How do they tell you?
That is what was announced, will last thru dec
I think it was announced that 6% of the total workforce will be let go - this was a few days ago. There is a lot of anxiety here right now as people do not know who will be affected and how many people will be affected in each group. The execs did... — read more
This was announced a few days ago, 4,000+ will be let go this year
American Express laid off over 100 people from Weston Billing Office
300 people cut - dstoutput/american express outsourcing deal, signed in Sept 2013. Monthly statement processing went to DST Output
When the recession hit we announced 10% of workforce cuts - we delivered. That was almost 10,000 people. American Express is good at this - apparently that saved us a couple of billions, we destroyed many lives but who cares about that - we are... — read more
American Express recently announced that it would be letting go of 5,400 employees in 2013 as it shifts more of its customer service online.
AMEX will reduce it's six percent (approximately 4,000 jobs). No word on where the cuts will be directed. This adds to 7K job cuts that were announced last October.