Starling Bank cuts over 100 jobs citing automation and restructuring
By
Oscar Hornstein
Summary
Starling Bank is cutting over 100 jobs as part of a restructuring effort driven by increased automation and the completion of several projects. The digital bank aims to remove duplicate roles and simplify operations, citing agility as a key competitive advantage over traditional banks. Staff were informed of the restructuring this week.
Source
bskyStarling Bank cuts over 100 jobs citing automation and restructuringuktech.newsKey quotes
· 3 pulledA key factor in our competitive edge over legacy banks is our agility; our ability to test, launch, learn and reorganise at pace.
Staff were told this week that a major restructuring would take place with the goal of removing duplicate roles.
According to the bank, the downsizing was needed following the completion of a handful of projects and an increasing reliance on automation.
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