American Express last did mass job cuts in 2013, when it cut 5,400 jobs, mostly in its travel business. American Express said it earned $1.45 billion, or $1.39 per share, in the three-month period that ended Dec. 31. That compares with a profit of $1.31 American Express said it will cut about 5,400 jobs over the coming year, and its Global Business Travel unit will take the hardest hit. Kenneth I. Chenault, chairman and chief executive officer, told investment analysts last week that customers have shown American Express is “reengineering the business model” in its Global Business Travel unit to reflect the shift to online The company plans to eliminate 5,400 jobs during 2013, which would be 8.5% of the current workforce. However, the staffing LOS ANGELES -- American Express Co. said Thursday, Jan. 10, that it will slash about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans Credit card provider American Express has confirmed it will cut 5,400 jobs from its global workforce, with the brunt of losses being borne by the travel division. The cuts will be from a total workforce of approximately 63,500 and are expected to be American Express Travel has opened a new travel counselor customer call center in Lawrenceville, Ga., and will add 100 new jobs. The new facility will employ 350 travel counselors, including 250 who will move from the company's previous customer call .
LOS ANGELES, Calif. - American Express Co. said Thursday that it will slash roughly 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans LOS ANGELES, Calif. – American Express Co. said Thursday that it will slash about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans .
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