Amex GBT Restructures to Focus on Smaller Companies

American Express Global Business Travel is restructuring to focus on small and medium-sized companies, with layoffs expected in the first half of the year. Job losses are expected to be less than 2 percent. Amex GBT announced the overhaul internally on Tuesday, and expects to incur restructuring and related charges of $20 million to $25 million, which represent future cash expenditures for the payment of severance and related benefits costs, it said in a filing with U.S. Securities and Exchange C