American Express plans to cut about 3,500 employees

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American Express plans to cut about 3,500 employees globally as part of a restructuring, representing about 4.5% of its approximately 78,000 employees, to streamline operations, boost productivity and speed up decision-making. The company said it will bring more AI agents onto its platform in the future amid intensifying competition; third-quarter revenue was USD 200 亿 and net income was USD 37.1 亿.