Double-digit layoffs expected at Amex here

AMERICAN Express will retrench a small number of people from its Singapore office as part of the group’s global retrenchment exercise which will see 4,000 jobs lost or 6 per cent of its total workforce.
A source said the number of people laid off in Singapore will be in double digits but not as high as [...]

American Express cuts 4,000 jobs worldwide

merican Express is cutting about 4,000 jobs – approximately 6% of its global workforce – as part of a plan to save $800m (£521.6m) this year.
The move is in addition to the 7,000 job cuts it announced in October 2008.
The firm has large numbers of small business customers – and Amex said that these businesses [...]