American Express to cut about 5% of its workforce as it raises its 2026 profit forecast
American Express plans to cut about 5% of its workforce, roughly 3,500 jobs, while raising its profit forecast for 2026. The company linked the cuts to cost control and preparing for AI.
Left 0 · Centre-left 3 · Centre 1 · Centre-right 1 · Right 2
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How each side framed it
Left-leaning outlets
Left-rated outlets headline it: “American Express profits rise; company plans to cut workforce by 5%, or about 3,500 employees” (Associated Press); “American Express is cutting 5% of its workforce to 'prepare for AI'” (CNBC).
Centre outlets
Centre-rated outlets headline it: “AmEx lifts 2026 profit forecast, plans to cut 5% of workforce” (Reuters).
Right-leaning outlets
Right-rated outlets headline it: “AmEx Raises 2026 Forecast as Affluent Keep Spending” (Newsmax); “American Express to Cut 3,500 Jobs” (Wall Street Journal).
Sources by lean
Balanced: the same number of articles from the left, the centre and the right (up to 3 each). The bar above still counts every rated outlet we found. Bias and factual ratings come from Media Bias/Fact Check. How we balance · All ratings.
Centre 1
- Reuters
AmEx lifts 2026 profit forecast, plans to cut 5% of workforce (paywall or login)
Right 1
Showing 1 from each side of 7 rated outlets (L 3 / C 1 / R 3). Capped at 1 because that is all we found on the thinnest side. More coverage
Follow the money
Not yet researched. We haven't yet looked at who gains or loses financially from this story, or who funds the main voices on each side. When we do, we check company filings, the Electoral Commission donations register, lobbying registers, annual reports, InfluenceMap and OpenSecrets, and we apply the same checks to every side. How we follow the money.
Who owns or funds the outlets covering this story (7 outlets)
| Outlet | Lean | Ownership & funding (MBFC) |
|---|---|---|
| Associated Press | Centre-left | The Associated Press (AP) is a nonprofit news cooperative with a profit of $1.6 million in 2016. It also sells content to other media organizations. According to an article titled “ AP reports loss on one-time accounting charges,” t he Associated Press lost $74 million in 2017, and it states the reason as “mostly due to one-time accounting charges related to the federal tax overhaul passed late last year.” source |
| Bloomberg | Centre-left | Michael R. Bloomberg is the founder and majority owner of Bloomberg LP (The parent company of Bloomberg News). According to Investopedia, Bloomberg Terminal (remote software used to access financial information) is the most expensive among financial data providers. source |
| CNBC | Centre-left | CNBC is owned by NBC Universal, which Comcast owns. Comcast’s Chairman and Chief Executive Officer (CEO) is Brian L. Roberts, founded by his father, Ralph J. source |
| Reuters | Centre | In April 2008, the British company Reuters Group was acquired by Thomson Corporation and formed Thomson Reuters. source |
| Wall Street Journal | Centre-right | In 2007, The Bancroft family and relatives sold the Wall Street Journal to Rupert Murdoch for 5 billion dollars. Rupert Murdoch also purchased its parent company, Dow Jones & Co., through News Corporation. Subscriptions and advertising fund the Wall Street Journal. source |
| Newsmax | Right | Newsmax is owned by publicly traded Newsmax Inc., which began trading on the New York Stock Exchange under the ticker symbol NMAX on March 31, 2025. The company completed a $75 million public offering after previously raising approximately $225 million through a preferred-stock offering. source |
| The Telegraph | Right | Telegraph Media Group (TMG) owns The Telegraph, which is owned by Press Acquisitions Ltd., which in turn is owned by Sir David and Sir Frederick Barclay. In 2004, Twin Brothers Sir David and Sir Frederick Barclay acquired the Daily Telegraph and the Sunday Telegraph from the Canadian media company Hollinger Inc. for £665 million. For a complete list of Board members, see here. source |