American Express to cut jobs

American Express makes announcement to cut over 5,000 jobs

Headline Goes Here
49. American Express

American Express announced Thursday that it's cutting more than 5,000 jobs.
The company says the reduction in headcount will come from its travel businesses.

These divisions, they say, are changing because of an industry shift to the Internet.

They believe the company will still be able to serve their growing customer base with less staff.

Overall the company says they expect to reduce their current workforce by 4 to 6 percent by the end of the year.

Copyright 2013 by News4Jax.com. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.