Allianz SE (XETR:ALV) expanded its buyback, purchasing 294,533 shares June 29–July 3 for a total of 3,950,801 since March 13, 2026, as Allianz Partners announces up to 1,800 European job cuts (~8%), driven by greater AI integration and affecting travel insurance call centers.
Previous Week Recap
- Allianz Buyback Total Rises: Allianz SE bought 294,533 shares from June 29–July 3, 2026 via Xetra and MTFs, bringing its buyback total to 3,950,801 shares since program start on March 13, 2026
- Allianz Partners Cuts Jobs: Allianz SE (ALV): Allianz Partners to cut up to 1,800 European jobs (~8%), including 80–100 in Germany, citing greater AI integration; cuts mainly hit travel insurance call centers.
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