The UK arm of Spain's Banco Santander , said on Wednesday around 750 staff could lose their jobs under plans to close a fifth of its branch network, raising fresh questions about the scale of the lender's UK presence.

The British unit of Spanish lender Santander on Wednesday said 750 of its staff were at risk of redundancy as it targets 95 branch closures in the U.K.

Santander is closing more than a fifth of its high street branches under a major overhaul of its network in the UK, in a move that puts around 750 jobs under threat. The Spanish-owned banking giant said it was shutting 95 of its 444 branches across Britain from June,

The cuts are reportedly part of CEO Ted Pick’s plan to keep costs under control about a year after he took the top job. It’s not just tech and media workers—and, of course, federal government employees—who are facing job cuts this year.