WSJ
23 Oct 2026, 13:42 UTC · 1h ago
American Express is cutting 5% of its global workforce in an attempt to put a cap on rising costs
Impact · against what's priced in
The news is non-material for eBay as the market has already priced in its previous workforce reductions. For American Express, the headcount cut provides a modest positive catalyst for margin improvement.
- EBAY+0.00
Already priced in
- The price assumes
The 12% workforce reduction... already embedded in the flat 15% free-cash-flow margin assumption.
The article notes eBay is reducing its workforce by thousands, but the price already assumes a 12% reduction as part of its current margin projections.
