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

July 8, 2026 7:03 AM EDT

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

July ‌8 (Reuters) - ​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.

(Reporting by Alexander ‌Huebner, writing ‌by ⁠Linda ‌Pasquini, editing ​by Kirsti ‌Knolle)



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