# Santander begins tech unit workforce cuts 18 September 2026 at 10:45 > Banco Santander initiates restructuring at SDS and Gravity subsidiaries following the completion of its global cloud platform migration. [Banco Santander]() has initiated a workforce restructuring process targeting its technological subsidiaries, Santander Digital Services (SDS) and Gravity. The bank has contacted union representatives to begin talks following the July merger of SDS and SGTO. The restructuring follows the implementation of a common cloud-based platform, Gravity, across all global markets. Santander attributes the move to the elimination of duplicate roles and the completion of major tech projects within these 13,000-strong units. This marks the first formal redundancy process since the pandemic, following a prior reduction of 4,000 staff. It coincides with a voluntary early retirement scheme for employees over 55, offering up to 76% of salaries for those departing before 2028. #Santander #FinTech #BankingNews #Redundancy #DigitalTransformation ## Related news ## [Openbank launches 3.25% TAE savings account]() 8 October 2026 at 17:00 ## [BPCE to acquire 7% stake in Banco Sabadell]() 6 October 2026 at 16:51 ## [Bizum payments reach 1.6m Spanish retail points]() 22 September 2026 at 09:27