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What Recession? AmEx Shares Ambitious Hiring Plans As Peers Let Go Staff – American Express (NYSE:AXP) – Stocks to Watch
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What Recession? AmEx Shares Ambitious Hiring Plans As Peers Let Go Staff – American Express (NYSE:AXP)

ByAnusuya Lahiri

Sep 20, 2022
What Recession? AmEx Shares Ambitious Hiring Plans As Peers Let Go Staff - American Express (NYSE:AXP)

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  • 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.

  • Photo via Wikimedia Commons

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Image and article originally from www.benzinga.com. Read the original article here.

Anusuya Lahiri

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