American Express to cut 7,000 jobs

American Express (AXP.N: Quote, Profile, Research, Stock Buzz) said on Thursday that it would cut 7,000 jobs, lower compensations, reduce operating costs and scale back investments to save $1.8 billion in 2009 as it struggles with the worst financial crisis in decades.

Read Full Article from Reuters

- Posted: 2008-10-30 09:51:56

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