Allianz SE VNA O.N.Allianz SE's subsidiary plans to cut 1,500-1,800 roles due to AI automation, indicating restructuring and potential cost savings but also workforce reduction.

Allianz Partners plans to cut between 1,500 and 1,800 roles as it expands its use of artificial intelligence across the business. The reductions will be implemented through severance packages, early retirement schemes, and other voluntary arrangements across several European countries, according to CEO Tomas Kunzmann. The move comes as a GlobalData poll found that 48.6% of over 2,000 respondents believe automation will replace more than a quarter of their company's workforce, with 25.2% expecting the figure to exceed 50%. However, a separate GlobalData poll showed that 44.8% of respondents were not concerned about their own jobs being replaced.
Allianz SE VNA O.N.Allianz SE's subsidiary plans to cut 1,500-1,800 roles due to AI automation, indicating restructuring and potential cost savings but also workforce reduction.
GlobalData PLCAllianz Partners is the direct subject of the article, planning to cut 1,500-1,800 roles as it expands AI automation.