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Norway's largest bank DNB said on Tuesday it would lay off around 400 employees in its Technology & Services unit, citing increased investments in AI agents and digital solutions. DNB expects to complete the job cuts during the last three months of 2026.
DNB will cut about 400 full-time roles in its Technology & Services unit as part of a restructuring tied to AI-driven efficiency gains, targeting work previously done manually. Restructuring costs will be booked in Q4 2026, with downsizing set to finish in Q4 2026 and cost savings expected from Q2 2027.
DNB is restructuring its Technology & Services unit to accelerate AI-led automation and simplify operations, leading to a reduction of about 400 full-time equivalents as the bank shifts its skills mix toward AI and digital delivery. Restructuring costs will be booked in Q4 2026 and the downsizing is expected to finish