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Transformation 30Decline 11
Key figures
24,706affected by layoffs and closuresfrom 10 reports · since Nov 2025
Largest job cuts
- Standard Chartered to cut over 7,800 jobs by 2030 through AI7,800 Affected staff ·
- ABN Amro to cut a net 5,200 jobs by 20285,200 Affected staff ·
- Barclays to cut 5,000 jobs, mostly in support functions5,000 Affected staff ·
Countries
| Country | Entries | Affected staff |
|---|---|---|
| 🇩🇪 Germany | 15 | 3,000 |
| 🇨🇭 Switzerland | 4 | — |
| 🇬🇧 United Kingdom | 4 | 13,400 |
| 🇦🇹 Austria | 3 | — |
| 🇱🇹 Lithuania | 3 | 606 |
Follow-up
Followed up: 3 of 3 announcements older than six months.
All outcomes and relocations →
Open cases
- Erste Group offers PLN 713.60 a share for Erste Bank PolskaNext milestone: 3 Nov 2026
- RBI clears minimum threshold in Addiko takeover offerNext milestone: 3 Nov 2026
- Cembra Money Bank to acquire Santander Switzerland's car-finance businessNext milestone: 30 Nov 2026
- Report: Legend Holdings launches sale of Luxembourg's BIL
- S-Pankki bids €571m for Oma Säästöpankki
Sums of the reports recorded in the tracker since recording began, not a complete picture of the labour market.
2026
- Swedbank to cut around 500 jobs group-wide, 100 in the Baltics · Layoffs · 🇸🇪 Sweden / Estonia / Latvia / Lithuania
- Barclays to cut 5,000 jobs, mostly in support functions · Layoffs · 🇬🇧 United Kingdom
- Danske Bank to cut 106 jobs across six countries · Layoffs · 🇩🇰 Denmark / Norway / Finland / Lithuania / Poland / Sweden
- DNB to cut around 400 jobs in Technology & Services · Layoffs · 🇳🇴 Norway
- Report: Nubank in talks to buy UK digital bank Monzo · Mergers · 🇬🇧 United Kingdom / Brazil
- Erste Group offers PLN 713.60 a share for Erste Bank Polska · Mergers · 🇵🇱 Poland / Austria
- Report: Legend Holdings launches sale of Luxembourg's BIL · Mergers · 🇱🇺 Luxembourg
- RBI clears minimum threshold in Addiko takeover offer · Mergers · 🇦🇹 Austria
- Cembra Money Bank to acquire Santander Switzerland's car-finance business · Mergers · 🇨🇭 Switzerland
- OTP Bank to acquire Baltic lender Luminor · Mergers · 🇭🇺 Hungary / Estonia / Latvia / Lithuania
- Delen Private Bank to acquire wealth manager Van Lawick · Mergers · 🇧🇪 Belgium / Netherlands
- MPS board rejects Intesa Sanpaolo's takeover offer · Mergers · 🇮🇹 Italy
- Competition authority clears HPB purchase of Croatia Banka · Mergers · 🇭🇷 Croatia
- S-Pankki bids €571m for Oma Säästöpankki · Mergers · 🇫🇮 Finland
- Volksbank Krefeld and Düsseldorf Neuss to merge · Mergers · 🇩🇪 Germany
- Leipziger Volksbank and Volksbank Delitzsch to merge · Mergers · 🇩🇪 Germany
- Nationwide cuts 600 jobs after Virgin Money takeover · Layoffs · 🇬🇧 United Kingdom
- Kreissparkasse Steinfurt and Sparkasse Rheine to merge · Mergers · 🇩🇪 Germany
- Volksbank Chemnitz and Raiffeisenbank Burgstädt to merge · Mergers · 🇩🇪 Germany
- Erste Bank completes IT merger with Salzburger Sparkasse · Mergers · 🇦🇹 Austria
- Standard Chartered to cut over 7,800 jobs by 2030 through AI · Layoffs · 🇬🇧 United Kingdom
- Commerzbank to cut 3,000 more jobs under its Momentum 2030 plan · Layoffs · 🇩🇪 Germany
- UniCredit launches hostile bid for Commerzbank · Mergers · 🇩🇪 Germany
- Raiffeisen Bank Romania buys Garanti BBVA Romania for €591m · Mergers · 🇷🇴 Romania
- Bank of Cyprus to acquire loans and deposits of Cyprus Development Bank · Mergers · 🇨🇾 Cyprus
- Sparda-Bank West and PSD Bank Rhein-Ruhr explore merger · Mergers · 🇩🇪 Germany
- Eurobank Cyprus launches voluntary exit scheme for about 300 jobs · Layoffs · 🇨🇾 Cyprus
- Sparkasse Oberpfalz Nord and Bayreuth plan merger · Mergers · 🇩🇪 Germany
- Acrevis Bank to acquire Regiobank Männedorf · Mergers · 🇨🇭 Switzerland
- Raiffeisen-Volksbank Haßberge plans merger with VR Bank Bamberg · Mergers · 🇩🇪 Germany
- Three Hesse cooperative banks plan three-way merger · Mergers · 🇩🇪 Germany
- Report: Citigroup plans another round of layoffs in March · Layoffs · 🇺🇸 USA
- Societe Generale to cut around 1,800 jobs in France · Layoffs · 🇫🇷 France
2025
- ABN Amro to cut a net 5,200 jobs by 2028 · Layoffs · 🇳🇱 Netherlands
- VR Bank RheinAhrEifel and PSD Bank Koblenz plan merger · Mergers · 🇩🇪 Germany
- VR-Bank Nordeifel and Raiffeisenbank Westeifel to merge · Mergers · 🇩🇪 Germany
- Sparkasse Neuwied and Westerwald-Sieg explore merger · Mergers · 🇩🇪 Germany
- Three Raiffeisen banks in the Emmental weigh merger · Mergers · 🇨🇭 Switzerland
- BBBank announces merger with PSD Bank Hessen-Thüringen · Mergers · 🇩🇪 Germany
- VIG seeks to acquire insurer Nuernberger for €1.38bn · Mergers · 🇩🇪 Germany
- EFG International to acquire Geneva private bank Cité Gestion · Mergers · 🇨🇭 Switzerland