Starling Bank cuts 130 jobs as profits decline and AI expands

Starling Bank cut around 130 jobs in early July 2026, reducing staff in its banking and technology teams. The British digital bank said the changes were needed to remove overlapping roles and make its operations simpler.

The bank's finances have been under pressure. Pre-tax profits dropped 3% to £217 million in the year to March 2026, and total revenue fell 6% to £887.4 million. Much of this decline came from lower interest income, as the Bank of England reduced its base rate.

Starling also pointed to artificial intelligence as a reason for the restructuring. The bank launched an AI financial assistant in March 2026 and has been integrating automation more broadly into its work. Job postings at the company had already fallen by 24% before the cuts were announced.