American Express reviews

Although the management believes in talent retention; not every one gets promoted from within. Sometimes it is important as to how much successfully you network with your leaders. Some people 'get away with murder' while some others have to work hard to get appropriate recognition. Although the channels of communication are being used adequately, there is a scope for improvement on the timeliness of this communication. In some of the departments, staff has become complacent due to their tenure whereas some new hires are really not qualified to work in a company of this size. Attitude is the key for success.

salary is lower than some competitive firms; progression up the ladder is slow. American Express on Thursday became the latest iconic American firm to announce major layoffs triggered by the worst economic crisis in seven decades, unveiling plans to slash 7,000 employees. Highlighting that even some of the most creditworthy and wealthiest Americans are having trouble paying their bills, American Express said that it is cutting 10% of its staff, suspending management salary increases and instituting a hiring freeze. See related MarketWatch First Take commentary. American Express, a component in the Dow Jones Industrial average, is following moves by other major firms like Hewlett Packard, Goldman Sachs, Whirlpool, and Yahoo, which have all recently announced layoffs of 5% to 10% of their staff. So far this month, Goldman has said it would cut 3,200 jobs, Whirlpool dropped the axe on 5,000 staff, Yahoo cut 1,000 positions, and Hewlett unveiled a stunning 24,000 job losses. And, while full details are unclear, analysts at Keefe Bruyette & Woods said earlier this week that probably about half of Lehman Brothers worldwide staff of about 26,000 employees, 10,000 of whom are inside the U.S., would lose their jobs after the company went bankrupt earlier this year. Barclays has acquired Lehman's U.S. brokerage business, and Nomura acquired parts of Lehman's Europe and Asia operations.