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Evening Standard
Evening Standard
Holly Williams

Santander axes 2,000 jobs and warns more cuts are possible

Santander Mike Regnier Santander UK United Kingdom Banco Santander TSB

High street lender Santander UK revealed it has axed over 2,000 jobs and warned more roles may need to be cut as part of an ongoing overhaul.

Mike Regnier, chief executive of Santander in the UK, said the year-on-year drop in its workforce comes as part of a “simplification and automation” drive as it ramps up the use of technology and as customers switch to online banking.

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