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American Express Becomes the Latest Company To Announce Massive Layoffs Over the AI Boom

American
International Business Times Fews App News Provider
Fews App Post Time ha 19h

American Express is cutting 5% of its workforce to "prepare for AI. " Getty Images American Express has become the latest company to announce massive layoffs over the artificial intelligence boom. Company CEO Stephen Squeri said on Friday that the company will eliminate 5% of the global workforce, which at the end of last year amounted to some 77,000 employees.

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