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American Express Announces Job Cuts

American Express To Cut 5,400 Jobs

American Express To Cut 5,400 Jobs

American Express Co said it would cut about 5,400 jobs, and take about $600 million in after-tax charges in the fourth quarter, which will halve its net income for the period. The credit card company said it would employ 4 to 6 percent fewer people by the end of 2013, compared to its current headcount of ...

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