• American Express Co (NYSE: AXP) shared plans to hire 1,500 people for technology roles dispelling slowdown concerns as its peers slashed jobs and cut expenses.

• The new hires would fill roles like data scientist, software engineer, and others by the end of the year, Reuters reported.

• AmEx had already brought in 3,600 tech employees this year.

• AmEx bumped up its annual revenue forecast in July, boosted by a surge in spending on travel and entertainment.

• Contrastingly, Goldman Sachs Group, Inc (NYSE: GS) said it would likely cut jobs soon.

• Robinhood Markets Inc (NASDAQ: HOOD) and mortgage lenders, including loanDepot Inc (NYSE: LDI), also slashed their headcount.

• Price Action: AXP shares closed higher by 1.5% at $155.37 on Monday.

• Photo via Wikimedia Commons

See more from Benzinga

• iPhone 14 Lineup Demand Is A Boon For This China's Internet Stock. Analyst Calls It 'Top China Internet Pick'

• Atlassian Has Strong Pricing Power And Critical Product Innovation. Analyst Sees More Than 50% Upside Due To This Competitive Advantage

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.