AmEx fires 5% of workers, raises profit forecast just 1%
By Aaron Wise
AmEx announced layoffs affecting 5% of its workers today while lifting its 2026 profit forecast by a midpoint of just 0.85%. The post AmEx fires 5% of workers, raises profit forecast just 1% appeared first on Protos.
Read it in your languageMachine translation by Google of the publisher's page
Explained in this story
Layoffs
The dismissal of employees by a company, usually for business reasons such as cost cutting rather than performance.
Large layoffs signal trouble in a company or industry and affect local economies.
More about LayoffsMore in Business
From the blog
Analyst Predicts XRP Will Surpass Bitcoin and Explains Why
Franklin Templeton executive Sandy Kaul highlights growth in decentralized identity, AI micropayments, and security. Analysts suggest XRP's utility could eventually…
Elara Winter3 min read
Key Factors to Consider Before Purchasing XRP
Long-term holder Susan Anderson warned prospective buyers against trusting extreme XRP price predictions and social media hype, as commentators debate…
Elara Winter3 min read
XRP Whales Shift $112 Million as Crucial Nine-Month Period Begins
XRP is drawing serious attention from both institutional players and retail investors. Crypto commentator Digital Asset Investor (@digitalassetbuy) recently laid…
Elara Winter3 min read