American Express Co. Layoffs

Topics regarding layoffs at American Express Co.

GET READY- Consumer Banking Quarter

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 

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Post ID: @OP+16c7MpLN

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 

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Post ID: @OP+OnYbpWu

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

2008 layoffs...

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 

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Post ID: @OP+t83cdoV

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