Starling Bank to cut 130 jobs and boost investment in AI to reduce costs
Key takeaways
- Starling Bank reported a 6% drop in revenue in the year that ended in March.
- Prefer the Guardian on Google Starling Bank has said it will cut more than 100 jobs as it invests more heavily in artificial intelligence to push down costs.
- The digital-only bank told staff that 3% of its workforce, or 130 jobs, would be made redundant, as part of a restructuring of its banking and tech operations.
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Starling Bank reported a 6% drop in revenue in the year that ended in March. Photograph: Rafael Henrique/Sopa Images/Rex/Shutterstock View image in fullscreen Starling Bank reported a 6% drop in revenue in the year that ended in March. Photograph: Rafael Henrique/Sopa Images/Rex/Shutterstock Starling Bank Starling Bank to cut 130 jobs and boost investment in AI to reduce costs The London-based fintech says restructuring is necessary to reduce ‘duplicate’ roles
Prefer the Guardian on Google Starling Bank has said it will cut more than 100 jobs as it invests more heavily in artificial intelligence to push down costs.
The digital-only bank told staff that 3% of its workforce, or 130 jobs, would be made redundant, as part of a restructuring of its banking and tech operations.