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American Express to cut 5,400 jobs

January 10, 2013 • Business


FILE – In this July 19, 2011 file photo, people walk past an American Express logo near the entrance to a bank in the Harvard Square neighborhood of Cambridge, Mass. American Express Co. on Thursday, Jan. 10, 2013 said that it will slash about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans and other needs. (AP Photo/Steven Senne, File)

LOS ANGELES (AP) — American Express Co. said Thursday that it will slash about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans and other needs.

The job cuts will be partly offset by jobs that the company expects to add this year.

American Express said the jobs eliminated will span employee seniority levels and divisions Login to read more

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