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UniCredit to trim up to 400 IT jobs in Germany as it cuts costs and streamlines

Published by Global Banking & Finance Review

Posted on March 19, 2026

1 min read

· Last updated: April 1, 2026

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UniCredit to trim up to 400 IT jobs in Germany as it cuts costs and streamlines
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MILAN, March 19 (Reuters) - Italian bank UniCredit is planning to trim up to 400 technology jobs in Germany to cut costs and streamline operations, the company said on Thursday. * It will affect 300-

UniCredit Plans to Cut 400 IT Jobs in Germany by 2027 to Streamline Operations

UniCredit's IT Workforce Reduction Strategy

MILAN, March 19 (Reuters) - Italian bank UniCredit is planning to trim up to 400 technology jobs in Germany to cut costs and streamline operations, the company said on Thursday.

Details of the Job Cuts

  • Scope and Timeline

    It will affect 300-400 jobs by the end of 2027 that are part of UniCredit's group digital division.

  • Divisions Impacted

    The employees are not part of UniCredit's German division, HVB.

  • Objectives Behind the Move

    Cost Savings and Operational Efficiency

    The move will save money but the primary goal is to create a more integrated and homogeneous footprint, with a focus on modern technology, a spokesperson said in an email.

  • Relocation of Jobs

    Some of the jobs will move to other countries, including Romania.

  • Media Coverage

    The development was first reported by Manager Magazin.

Reporting and Editorial Information

(Reporting by Valentina Za and Tom Sims
Editing by Madeline Chambers)

Key Takeaways

  • The job cuts affect 300–400 positions by end‑2027 in UniCredit’s group digital division in Germany—not part of its German HVB division.
  • UniCredit says the move aims to create a more integrated, homogeneous tech footprint, with focus on modernizing operations and reducing costs.
  • Some of the roles will be relocated, including to Romania, as part of repositioning of digital resources across the Group.

References

Frequently Asked Questions

How many IT jobs will UniCredit cut in Germany?
UniCredit plans to cut between 300 and 400 technology jobs in Germany by the end of 2027.
Which employees are affected by the UniCredit job cuts?
The job cuts will affect employees in UniCredit's group digital division, not those in its German HVB division.
What is the main reason for UniCredit's IT job cuts in Germany?
The primary goal is to create a more integrated and homogeneous technology footprint while also reducing costs.
Will any of the IT jobs be relocated?
Yes, some of the IT jobs will move to other countries, including Romania.

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