Thread regarding American Express Co. layoffs

“ historical headcount high of 62K” they has much more than that pre Great Recession. Heck, way back they had a large IT then gave it to IBM.

Have to say it but the whole place has gradually got a lot worse since Ken Chenault left.

That piece of sh*t CEO Steve Squeri only knows to lay people off. It's his only tool for tackling every single problem, and sending the jobs to India is his favorite way to do it. It's already happening in parts of the company today, it's just not public for the most part.

Whole teams moving to India. Positions in the US being replaced/backfilled with lower level positions in India. Those changes are permanent. Hiring freeze in effect too, along with demands that people return to office 2x/week starting in early July. Surely more will quit in protest and not be replaced, so more work for the rest of us suckers that stick it out.

Anyone that thinks Steve is not doing massive layoffs with an astounding 70K+ employees on the books is out of their damn mind. He's done mass layoffs when we had 55K employees, no way he won't go large scale now. And just because he said no mass layoffs? You're kidding me. This is the piece of s**t that swore up and down no vaccine mandate, no booster mandate, then did both under threat of losing your job. You can't trust the piece of cr-p any further than you can throw him.

If there aren't mass layoffs by end of year, I would be absolutely floored.

Amex has reported 77,000 employees in their financial reporting this year so much larger than the post indicates. And cardmember spending up so no indications of layoffs just more loan loss reserves in case of the mild recession all keep predicting. So while bloated, expect an actual downturn needed to see layoffs happen in next 12 months.

Headless chicken mode at moment in International markets. Come on senior leadership sort it out and be more transparent about future biz strategy. Moral is suffering.

Sorry - wrong company. previous post not meant for Amex..

a few obvious stand out ones at the very top, doing very little.

If AmEx has not laid off since 2020, when they laid off 1500 pre-Covid then tried to cover it up, they are off their normal pattern. Lay offs and sending jobs to India is their go-to move. I propose outsourcing some of their executive positions and really save some money.