Reported 3 days ago
Allianz Global Investors, part of the Allianz SE group, is cutting some roles to adjust its organizational structure, aiming to future-proof operations and enhance growth in a competitive market. A spokesperson indicated that certain tasks may become redundant, but the exact number of job cuts has not been disclosed. AGI has faced challenges in scaling compared to its more dominant counterpart, Pacific Investment Management Co.
Source: YAHOO