American Express layoffs: Thousands of roles slashed in AI push as job losses in financial services pile up
Culture Index
Score Breakdown
Relevance
14/25
Freshness
8/25
Authority
25/20
Brand Signal
6/15
Depth
4/15
5-Axis Cultural Radar
It hasn’t been a good week for workers in the banking and financial sector. Yesterday, UK banking giant Barclays announced it was laying off 5% of its workforce , or nearly 5,000 workers, as it transitions more of the bank’s operations to artificial intelligence systems. Across the Atlantic this morning, an American financial giant made a similar announcement. The American Express Company (NYSE: A