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... Read More »
Damaged roads and disrupted public transit prevented many New York City-area commuters from getting to work in the week following Hurricane Sandy. And because of mass power outages, tens of thousands of offices were shut down.
But that didn't mean employees were all stiffed their paychecks. In fact, many... Read More »
First American Express announces the layoff of 550 workers, and now HSBC Holdings is giving almost 500 employees pink slips too, as it closes down its credit card customer service and collections work at a center in New Castle, Delaware. HSBC expects all the layoffs to have taken place by midyear.
HSBC said... Read More »
My name is Alma Grady and I'm a single 58-year-old mother of three sons and a grandmother of six grandchildren.
I was employed as an executive administrator at American Express for 7.5 years. After watching the departures of many employees around me as a result of company restructuring plans, my turn finally... Read More »