Thursday, January 29, 2026 at 4:36 PM
The company is the latest of several to announce plans for sweeping job cuts in recent days.
The lender is looking to strike a balance between expanding its top and bottom lines while continuing to hand excess capital to shareholders.
The credit-card company said higher-income clients are spending on restaurants and luxury items, and that they continue to seek out its premium cards.
The latest round of cuts comes as the company reported higher quarterly profit, guided for slightly higher revenue in the coming year. The shipper eliminated 48,000 positions in 2025.
The editor says “we’re toast” if the network’s strategy remains focused squarely on broadcast TV.
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