American Express to Cut 5,400 Jobs in 2013

Posted on: January 11th, 2013 by ABC News No Comments

Justin Sullivan/Getty Images(NEW YORK) — American Express on Thursday announced it’s cutting thousands of jobs this year, mostly in its travel business.

The move comes as more American Express customers opt to use travel sites like and to book their vacations.

American Express plans to cut approximately 5,400 jobs, which amounts to about 8.5 percent of its workforce.

Copyright 2013 ABC News Radio

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