American Express shares fell 3.62% on Friday despite reporting third-quarter profits that exceeded estimates. The credit card giant also announced plans to cut about 5% of its 77,000 employees worldwide to prepare for the rise of artificial intelligence. American Express will record a $336 million restructuring charge related to the plan.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
