blue News: Swiss Companies Cut Jobs Because of AI
·2 mins
Summary # First the online travel provider Lastminute, then the online pharmacy DocMorris: within a single month, two listed companies in Switzerland justified larger job cuts with AI. At Lastminute, a reorganization is expected to eliminate about a quarter of its roughly 1,600 positions; at DocMorris, around 100 full-time roles group-wide. Michael Siegenthaler, head of the Swiss Labor Market research division at the KOF Institute, has observed a trend since 2024: especially in certain IT jobs and heavily language-based roles, the job market has weakened because of AI, and fewer entry-level positions are being advertised. At the same time, it remains unclear whether the hoped-for productivity gains actually materialize in day-to-day work.