What Recession? AmEx Shares Ambitious Hiring Plans As Peers Let Go Staff

September 20, 2022 6:28 AM | 1 min read | Make a Comment

American Express Co AXP shared plans to hire 1,500 people for technology roles dispelling slowdown concerns as its peers slashed jobs and cut expenses.
The new hires would fill roles like data scientist, software engineer, and others by the end of the year, Reuters reported.
AmEx had already brought in 3,600 tech employees this year.
AmEx bumped up its annual revenue forecast in July, boosted by a surge in spending on travel and entertainment.
Contrastingly, Goldman Sachs Group, Inc GS said it would likely cut jobs soon.
Robinhood Markets Inc HOOD and mortgage lenders, including loanDepot Inc LDI, also slashed their headcount.
Price Action: AXP shares closed higher by 1.5% at $155.37 on Monday.
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