American Express AmEx Layoffs Job Cut: may fire 4000 employees

The news is not good for the employees of the American Express, which is the famous credit card and payment processing company of the USA. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the American Express Organization, which may be going for layoffs.
How many employees may be fired in the American Express layoffs?
As per the reports, there can be around 4000 layoffs by American Express.

What is the total no. of employees of American Express?
The total no. of employees of American Express is around 67000 as of now. Hence the job cuts constitute around 6% of the workforce.

What will be the cost and savings by American Express layoffs?
Around USD 800 million are expected to be saved in the cost cutting. Though the plan is said to follow $1.8 billion in cost cuts.

When will the American Express layoffs happen?
There is no concrete info about the dates but some of the affected employees are already informed while other will be informed in the coming weeks.

Which locations and department of employees will be affected by the American Express layoffs ?
The job cuts will be across the globe and in various segments.

What is the primary reasons for American Express layoffs?
All can be attributed to the cost cutting which is one of the major reasons for layoffs.

Any other news about American Express layoffs
As per IndiaTimes, The deep cost cuts show that even a company like American Express, which prides itself on catering to a more affluent clientele, is not immune to the pullback in consumer spending.
Let's hope that alternative jobs are available to the affected employees of American Express Layoffs Job Cut