Allianz, a leading player in the financial services sector, is preparing to cut over 1,500 jobs as part of its initiative to enhance its artificial intelligence capabilities.
The decision, confirmed by CEO Tomas Kunzmann, highlights the company's commitment to integrating AI into its operations, which is seen as crucial for future growth.
These layoffs will affect various departments within the organization, reflecting a significant transformation in Allianz's workforce strategy.