Amex cuts 5% of workforce, takes $336M charge to 'prepare for AI'
The card giant is betting AI will let it run leaner, but the restructuring charge hits right as investors digest Q3 results.

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41 briefings · “ceo”
The card giant is betting AI will let it run leaner, but the restructuring charge hits right as investors digest Q3 results.
The streaming giant is tightening household verification, a move that could convert shared-plan discount users into full-price subscribers.
Ranking member Robert Garcia demands documents on Eric Baker's Andro Capital ties, warning of conflicts that could raise ticket costs and squeeze artists.
Musk backs a $3.5 trillion tie-up, but a shareholder vote threshold and a 'conflicted party' CEO could decide its fate.
Meta's new $150B share class gives Zuckerberg $20B in liquidity to cover the tax, but only if he stays put.
The Witcher's very existence traces back to BioWare's engine, E3 booth space, and an early Polish localization deal that CD Projekt's joint CEO says changed everything.
Musk's probability call on catching both stages with the tower, and what it means for rapid reusability.
The billionaire CEO says both boards have formed special committees to weigh a combination that would unite the world's most valuable automaker with its dominant private rocket company.
A federal judge tossed the case on procedural grounds after Ann Altman missed a medical exam and deadlines, clearing a legal overhang for OpenAI's chief.
Independent director panels will explore a deal between the two companies, with the CEO recused from both.
The CEO of both companies is a 'conflicted party' watching independent directors negotiate a tie-up that would create a $3.5 trillion giant he would own about a third of.
Sarandos concedes the streamer's biggest market is underperforming, just as Netflix replaces its content chief and film head.