Danske Bank announces third round of layoffs this year

Danske Bank is cutting 106 jobs across its international operations. Around half of these job cuts will happen in Denmark. This is the third round of layoffs at the bank in 2026. The bank announced the decision in a press release on Thursday.

The cuts aim to make the bank more efficient and competitive. They support the goals in the bank's Forward '28 strategy. Remaining cuts affect workers in Finland, Lithuania, Norway, Poland, and Sweden. Human resources head Karsten Breum acknowledged the heavy impact on staff. He said affected employees received official notifications already.

Earlier this year, the bank completed two other layoff rounds. In February, Danske Bank announced 420 job cuts. Three months later, the bank cut another 262 positions. Both earlier rounds mainly targeted staff located in Denmark. The bank employs over 20,000 people across its international network.