Finance
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 readLast updated: March 19, 2026
Quick Summary
UniCredit will cut 300–400 IT roles in Germany by end‑2027 within its group digital division—not impacting its German HVB arm—in order to streamline operations, focus on modern technology, and shift some roles to other countries including Romania.
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.
Frequently Asked Questions about UniCredit to trim up to 400 IT jobs in Germany as it cuts costs and streamlines
1How 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.
2Which 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.
3What 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.
4Will any of the IT jobs be relocated?
Yes, some of the IT jobs will move to other countries, including Romania.
