--- title: Starling Bank cuts 130 jobs in AI and restructuring push description: Starling Bank is cutting 130 jobs (3% of its workforce) as part of a restructuring aimed at simplifying operations and accelerating AI adoption. The London... canonical: https://daily.dev/posts/starling-bank-cuts-130-jobs-in-ai-and-restructuring-push-khb7fpnyx twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Starling Bank cuts 130 jobs in AI and restructuring push | daily.dev og:description: Starling Bank is cutting 130 jobs (3% of its workforce) as part of a restructuring aimed at simplifying operations and accelerating AI adoption. The London... og:url: https://daily.dev/posts/starling-bank-cuts-130-jobs-in-ai-and-restructuring-push-khb7fpnyx og:image: https://api.daily.dev/og/posts/khb7fPnyx.png og:image:alt: Starling Bank cuts 130 jobs in AI and restructuring push og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Starling Bank cuts 130 jobs in AI and restructuring push **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Starling Bank is cutting 130 jobs (3% of its workforce) as part of a restructuring aimed at simplifying operations and accelerating AI adoption. The London neobank's pre-tax profit fell to £217 million for the second consecutive year, with revenue dropping from £940 million to £887 million, largely due to falling interest rates. Despite the cuts, Starling is actively hiring AI and technology engineers. Its agentic AI assistant launched in March and its scam detection tool uses Google's Gemini models. The brighter spot is Engine, its SaaS banking technology arm, which grew revenue 25% and is now targeting the US market with a New York office and $50 million investment. The move reflects a broader sector trend: Morgan Stanley estimates AI could eliminate up to 400,000 European banking jobs by 2030. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Morgan Stanley doubles its forecast: European banks could shed 20% of jobs on AI](https://daily.dev/posts/morgan-stanley-doubles-its-forecast-european-banks-could-shed-20-of-jobs-on-ai-e0mklfwsn) · The Next Web · 0 upvotes · 0 comments - [Wall Street’s six largest banks cut 15,000 jobs and posted $47 billion in profits. 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