Number of employees of UniCredit 2023, by category

In 2023, UniCredit counted 52,001 employee staft, excluding managers, senior managers and other staff. In the same year, the number of managers employed by the bank amounted to 23,775. Despite the drastic decrease in the number of employees in the last few years, UniCredit still remains one of the biggest employers in the banking sector in Italy with a total of 78,149 headcount in 2023.

Physical branches not a necessity

The cause of the decline in the number of employees at UniCredit, as well as in general in the banking sector, is due to a trend that has been going on for the last few years: bank branches are being closed. In fact, the total number of bank branches in Italy in 2022 amounted to less than 21,000, decreasing from 33,600 in 2011. In the specific case of UniCredit, the number of branches decreased from 7,500 in 2014 to 3,175 in 2022.

Leading banks in Italy

Together with Intesa Sanpaolo, UniCredit dominates the banking sector in Italy. In 2023, UniCredit, headquartered in Milan, was among leading banks in Europe in terms of market capitalization. Surprisingly enough, in May 2019, the bank announced it decided to shut down its profiles on Facebook and on Instagram due to concerns about the way the social networks handle private data and sensitive information, making UniCredit the first large bank taking such a drastic measure.