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Intesa Sanpaolo to Cut 6,100 Jobs, Distribute $59B

2/2/2026

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Summary

Story summary

Intesa Sanpaolo, the Italian bank, plans to distribute about $59.25 billion to shareholders from 2025 to 2029.
The bank aims to cut 6,100 jobs by 2029 to reduce costs and increase profits.
The plan includes about 12,400 employee exits and 6,300 new hires, primarily in Italy.
The net reduction represents about 6.7% of its workforce, which stood at approximately 90,700 as of September 30.

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Story summary

Intesa Sanpaolo, the Italian bank, plans to distribute about $59.25 billion to shareholders from 2025 to 2029.
The bank aims to cut 6,100 jobs by 2029 to reduce costs and increase profits.
The plan includes about 12,400 employee exits and 6,300 new hires, primarily in Italy.
The net reduction represents about 6.7% of its workforce, which stood at approximately 90,700 as of September 30.