Job cutting at American Express - Fox 2 News Headlines

Job cutting at American Express

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CHICAGO (FOX 32 News) -

American Express has announced it will be cutting about 5,400 jobs, mostly in its travel business.

The company states that more of its customer's use the online portal, rather than dealing with their employees to book travel plans.

The cuts will supposedly be partly offset by jobs that American Express plans to add this year.

In the end, they anticipate staffing levels will end up between four and six percent lower than last year.

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