Starling Bank to cut 130 jobs and boost investment in AI to reduce costs

AI Summary

Starling Bank in London announced plans to cut 130 jobs to reduce redundant roles and increase investments in artificial intelligence. The restructuring aims to lower costs by integrating AI more heavily in banking and technology operations.

The London-based fintech said the restructuring was necessary to reduce ‘duplicate’ roles Business live – latest updates Starling Bank has said it will cut more than 100 jobs from its workforce, 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. Continue reading...