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Allianz to cut up to 1,800 jobs due to increasing AI use

Allianz to cut up to 1,800 jobs due to increasing AI use

The Allianz logo is seen in this illustration taken on January 29, 2025. REUTERS/Dado Ruvic/Illustration

08 Jul 2026 07:03PM (Updated: 08 Jul 2026 11:52PM)

July 8 : Allianz's travel insurance division will cut up to 1,800 jobs due to the growing use of AI, said Tomas Kunzmann, CEO of Allianz Partners, on Tuesday evening, confirming an earlier Reuters report.

Source: Reuters
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