The online travel agent Lastminute.com is cutting a quarter of its workforce — around 400 jobs — by the end of 2026 to restructure around artificial intelligence.
The Ticino headquartered group, listed on the Swiss exchange, says the move will save CHF 15m a year from next year.
Analysts at Zurich Cantonal Bank warn the impact of AI on online travel agents could be brutal — travellers may soon book trips directly through chatbots like ChatGPT.
The cuts will affect several countries, though the company has not yet broken down the losses by location.
Politician on trial accused of rape and drug assault
Swiss People's Party says EU treaty helps crime
Waterways dry
Jim's British Market changes hands
Storms possible at end of week
Penthouse flats lose appeal
