Germany news
fromThe Local Germany
2 weeks agoGerman insurer Ergo plans to cut 1,000 jobs with AI inroads
Ergo will cut 1,000 jobs by 2030 due to increased use of AI, while retraining about 500 employees.
Staff at Ergo were told the news just after US investor Presidio completed an acquisition of the business for an estimated €100m. Mr Purdy was aged 63. During more than three decades in business he was a winner of the prestigious EY Industry Entrepreneur of the Year in 2014, among other accolades, and backed and supported a number of start-ups as well as his own core businesses.