Swiss Life to cut around 600 jobs by 2028
Insurer Swiss Life is set to cut around 600 jobs by 2028. This will affect Swiss Life Switzerland and Swiss Life Asset Managers in roughly equal measure, primarily abroad.
A large proportion of this is to be achieved through “natural wastage”. The company currently employs around 11,000 staff.
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In a statement issued on Tuesday, Swiss Life justified the move by citing the “profitable expansion of the business beyond 2027 and the need to improve efficiency, partly through the opportunities offered by ongoing digitalisation”.
Around 100 posts have already been cut through selective recruitment for vacant positions. A further 100 posts are set to follow by the end of 2026. The statement adds that the employees affected will be supported in finding new career paths.
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