Last week, Russia’s largest bank, Sberbank, announced that it would cut 20%-25% of its workforce over the next five years.

Banks shedding staff is nothing new, but the numbers involved at Sberbank continue to generate interest. The bank employs around 258,000 workers, so the deepest announced cut could involve more than 64,000 people, enough to staff a decent-sized bank in itself. But even after such a drastic cull, the Russian lender will continue to employ far more people relative to the size of its balance sheet than most major banks.

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