American Express said it would hire around 1,500 people for technology roles.
Bloomberg News first reported the tech news quoting AmEx’s Chief Information Officer (CIO) Ravi Radhakrishnan.
As of last year, the credit card issuer had 64,000 employees – 22,000 of whom were based in the United States.
The new hires would fill up roles such as data scientist, software engineer and others by the end of the year. The company has already brought in around 3,600 tech employees this year, a spokesperson for the credit card giant said in an emailed statement.
New York-based AmEx enhanced its annual revenue forecast in July, boosted by a surge in spending on travel and entertainment.
Fears of a recession have led other financial companies to cut expenses and trim headcount. Goldman Sachs Group is expected to cut jobs starting as early as this month, according to a source familiar with the plans.
Financial technology firms like Robinhood Markets and mortgage lenders including loanDepot Inc have also slashed headcount this year.