Allianz to Lay Off 1,800 Employees as AI Takes over More Tasks

Allianz to lay off 1,800 employees as AI takes over more tasks

Allianz to cut 1,800 jobs due to AI advances

Allianz plans to eliminate up to 1,800 jobs in its travel insurance division as AI increasingly replaces manual processes. Read more at straitstimes.com.

German Insurance Group Allianz To Cut 1,800 Jobs After AI Advances

Allianz to cut up to 1,800 jobs due to AI advances, says source

Allianz to cut up to 1,800 jobs due to AI advances, says source

MUNICH (Nov 26): German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in call centres, as artificial intelligence increasingly replaces manual processes, a source familiar with the plans told Reuters on Wednesday. Between 1,500 and 1,800 ...

Insurance giant Allianz signals job cuts in AI shift

German insurance giant Allianz signalled Wednesday looming job cuts due to its adoption of artificial intelligence with a report saying up to 1,800 roles, mainly in call centres, could be axed. Many companies have been announcing job cuts due to adoption of AI as the boom in the technology gathers pace. sr/fz/rl