10/27/2026
American Express has announced plans to cut about 5% of its global workforce as it flattens management layers to prepare for greater use of AI. Barclays confirmed a similar reduction this week. Moves like these raise important questions for employees and employers alike about notice, severance and how a restructuring should be handled.
https://ow.ly/1lUw5101l1G
Company looking to flatten management layers, even as third-quarter profit beat analyst expectations