American Express to eliminate 4,000 jobs
Tuesday, May 19th, 2009NEW YORK - In an attempt to cut another $800 million in costs, American Express will eliminate 4,000 jobs.
That’s about 6% of the firm’s global workforce.
While a number of affected workers were notified of the layoffs in recent days, company spokeswoman Joanna Lambert said the rest will be informed later. That always makes for a pleasant situation. .
The recent layoffs follow the 7,000 layoffs announced in October of last year.
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