Starling Bank, the London-based digital-only bank, says it will cut around 130 jobs—about 3% of its roughly 4,000-strong workforce—as it restructures its banking and technology operations. Multiple outlets report that staff are being informed this week that the changes are designed to simplify how the bank operates and reduce duplication in roles, while speeding up product delivery.
The job reductions are linked to the bank’s ongoing investment in artificial intelligence. Reports say Starling has been completing major projects and is expanding AI use across more areas of its business, with the aim of lowering costs. The Financial Times frames the cuts in the context of profits dipping, while The Guardian highlights the cost-reduction goal alongside the AI expansion. PYMNTS similarly describes the cuts as tied to automation and restructuring.
Across the reports, Starling’s stated rationale focuses on removing duplicated positions and reorganising teams within banking and technology functions, while continuing to use AI to support operations and future product development.
