"Redundancies are coming"

Banking
1

Came across this on Reddit. Link below, but as a snippet:

A starling employee reach out to me today saying the consultation has started and would be redundancies, I’m an ex starling employee myself, and I can tell you, Starling salaries are much lower than a traditional bank. They now want to move all operations to Wales and other locations in the UK… so they can pay less.

What’s everyone else’s take on this, and the wider changes (rebrand, etc.)?

Original link: https://www.reddit.com/r/starlingbankuk/comments/1qdi4mb/redundancies_coming/

2

Obviously people potentially losing jobs is sad but as far as Starling as a banking provider, on a personal level, I dumped them almost 3 years ago. Whether they continue to offer a banking experience that is better than other fintech banks, others may have their own thoughts. The whole Covid loans thing hasn’t done them any favours either I think: