Kya hua
23 October 2026 ko, American Express ne strong Q3 earnings ke saath-saath lagbhag 3,500 job cuts ka elaan kiya — jo uske ~78,000-person global workforce ka lagbhag 5% hai.
Mujhe kya farq padta hai
Ek profitable global issuer mein restructuring, aur Barclays, HSBC aur Citi jaise moves, ye dikhate hain ki financial-services sector mein headcount reset ho raha hai, na ki koi distress story hai.
Yaad rakh
Amex earnings beat karte hue staff cut kar raha hai — industry, sirf struggling banks hi nahi, slim down ho rahi hai.
Aur context aur kis par asar
23 October ko, American Express ne apne Q3 2026 earnings ke saath-saath lagbhag 3,500 job cuts ka elaan kiya — jo uske ~78,000 global headcount ka lagbhag 5% hai.
CEO Stephen Squeri ne ise distress nahi balki restructuring kaha: revenue $20.1B (9% up) raha, aur adjusted EPS $4.68 pahunch gaya. Management ne $336M pre-tax charge book kiya aur full-year guidance badha di.
Barclays, HSBC aur Citi bhi headcount trim kar rahe hain — ye ek broader financial-services reset hai, kisi ek firm ki galti nahi.
- Cut hone wali jobs
- ~3,500 23 October 2026 ko announce kiye gaye American Express ke ~78,000-person global workforce ka lagbhag 5%.MintThe Times of India
- Restructuring charge
- $336M pre-tax $253M after tax, jise partly $982M pre-tax gain se fund kiya gaya jo Amex ke Global Business Travel Group mein stake bechne se aaya tha.Mint
- Q3 2026 performance
- $20.1B rev / $4.68 adj. EPS Revenue up 9% YoY; net income up 28% to $3.71B; billed business $454B.24/7 Wall St.
Context
Ye cuts Barclays, HSBC aur Citigroup ke similar moves ke saath hain, aur Amex par regulatory pressure ke baad aaye hain — U.S. OCC aur Federal Reserve ka $350M anti-money-laundering fine, jiske baare mein management ne kaha ki isse 2026 ya 2027 guidance nahi badlegi.
Employees Finance Sector · Business Executives
Ek major global issuer mein lagbhag 5% cut ye dikhata hai ki profitable financial firms bhi layers trim kar rahi hain, sirf struggling firms nahi.
Business Executives
Amex Barclays, HSBC aur Citi ke saath financial-services downsizing wave mein shamil ho gaya hai, jo industry-wide hiring pipelines ko reshape kar raha hai.
Finance Investors
Record revenue wale quarter ke andar $336M pre-tax restructuring charge baitha hai aur full-year guidance badhayi gayi hai — ye ek signal hai ki board 2027 ko kaise dekh raha hai.
ReportingMint ↗The Times of India ↗24/7 Wall St. ↗
Sources aur jaanch3 sources · 4 daave
Yeh is khabar ke source records hain. Source link hona apne aap mein independent confirmation nahi hai.
- MintReporting
American Express layoffs: 78,000 employees in firm; the move will affect about 3,500 jobs ↗
Publish hua Oct 23, 2026 · Dekha gaya Oct 24, 2026 - The Times of IndiaReporting
Amex to cut 3,500 jobs globally despite raising 2026 profit forecast ↗
Publish hua Oct 23, 2026 · Dekha gaya Oct 24, 2026 - 24/7 Wall St.Reporting
American Express Q3 2026: EPS beats, guidance raised to $17.60 to $17.90 ↗
Publish hua Oct 23, 2026 · Dekha gaya Oct 24, 2026
Daave aur unke sources
American Express ne 23 October 2026 ko lagbhag 3,500 job cuts ka elaan kiya, jo uske global workforce ka lagbhag 5% hai.
Ye cuts company aur industry reporting ke hisaab se lagbhag 78,000 employees ke global headcount se hain.
Q3 2026 revenue $20.1B pahuncha, jo year-on-year 9% up hai, adjusted EPS $4.68 raha aur net income 28% up hokar $3.71B rahi. Billed business $454B tha.
CEO Stephen Squeri ne kaha ki kam layers aur zyada agile organisation ki zaroorat hai, aur cuts ko weak demand ka response nahi balki restructuring bataya.
