Tag Archives: reduce-compensation

American Express to Cut 7,000 Jobs. Experience The Freedom Of Joblessness.

As part of a reengineering plan, American Express plans to cut some 7,000 jobs, or about 10% of its work force, the company said Thursday morning. The company will cut staffing levels, reduce compensation, lower operating costs, and scale back its investment spending. "We’ve been engaged for the past few months in an intensive, companywide review of priorities and staffing levels," said Kenneth