Lufthansa to cut 4,000 jobs as airline turns to AI to boost efficiency [MSNBC.com]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
Company Research
Source: MSNBC.com
LufthansaThe airline groupsaid"The Lufthansa Group is reviewing which activities will no longer be necessary in the future, for example due to duplication of work. In particular, the profound changes brought about by digitalization and the increased use of artificial intelligence will lead to greater efficiency in many areas and processes," the company said in a release issued during its Capital Markets Day in Munich.Lufthansa joins a number of companies citing as part of their restructuring strategy.KlarnaCEO Sebastian SiemiatkowskiSalesforcecut 4,000 customer support roles"I've reduced it from 9,000 heads to about 5,000, because I need less heads," Salesforce CEO Marc Benioff said at the time.More recently, tech consultancyAccentureexit staff who can't be retrained to use "We are investing in upskilling our reinventors, which is our primary strategy," Sweet said, adding that the company is "exiting on a compression timeline" people for whom reskilling isn't a "viable path."Lufthans
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