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American Express to cut 5,400 jobs

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LOS ANGELES — American Express Co. said Thursday that it will slash roughly 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans and other needs. The job cuts will be partly offset by jobs that the company expects to add this year, however. All told, American Express anticipates that staffing levels will end up ...


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