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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

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

A Starling Bank debit card
Starling Bank reported a 6% drop in revenue in the year that ended in March. Photograph: Starling Bank

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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