WS #16384
American Express is cutting 5% of its workforce as card spending growth slowed to 8% in Q3, reflecting softer consumer demand. In contrast, Apple is increasing orders for its new foldable iPhone Duo by 44%, indicating strong early demand for its new hardware. This divergence highlights a split in consumer behavior, with discretionary spending weakening while premium tech adoption remains resilient.
Corporate Restructuring
American Express is cutting 5% of its workforce as card spending growth slowed to 8% in Q3, reflecting softer consumer demand. In contrast, Apple is increasing orders for its new foldable iPhone Duo by 44%, indicating strong early demand for its new hardware. This divergence highlights a split in consumer behavior, with discretionary spending weakening while premium tech adoption remains resilient.