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NatWest cuts 1,000 jobs after AI efficiency drive, posts record profits

NatWest reports record profits alongside 1,000 job cuts

2 Oct 30 · 12d ago · 1 article · 1 source · development 2 of 3

NatWest Group announced an operating pre-tax profit of £2.2 billion for Q3 (up 2% year-on-year) and net interest income of £3.6 billion (up 9%), while cutting approximately 1,000 full-time staff in the quarter. Total job losses for 2026 reach 1,400, though the acquisition of wealth manager Evelyn Partners added 2,200 staff to the group.

NatWest reports record profits alongside 1,000 job cuts
independent.co.uk

“This has led to the reduction of about 1,000 full-time staff in the quarter, taking the total of jobs lost this year to 1,400.”

NatWest Group

NatWest Group UK banking groupPaul Thwaite NatWest CEO

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Peak 4 pieces in 3h at Oct 31, 8 AM; 14 pieces over 13 days (2 articles · 4 posts · 8 comments) Oct 30, 5 AM — 1 piece · 1 article — Google News 1Oct 30, 8 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Google News 1Oct 30, 11 AM — quietOct 30, 2 PM — quietOct 30, 5 PM — quietOct 30, 8 PM — quietOct 30, 11 PM — quietOct 31, 2 AM — quietOct 31, 5 AM — 1 piece · 1 post — Reddit 1Oct 31, 8 AM — 4 pieces · 2 posts · 2 comments — Reddit 3, Hacker News 1Oct 31, 11 AM — 4 pieces · 4 comments — Reddit 4Oct 31, 2 PM — 1 piece · 1 comment — Reddit 1Oct 31, 5 PM — 1 piece · 1 comment — Reddit 1Oct 31, 8 PM — quietOct 31, 11 PM — quietNov 1, 1 AM — quietNov 1, 4 AM — quietNov 1, 7 AM — quietNov 1, 10 AM — quietNov 1, 1 PM — quietNov 1, 4 PM — quietNov 1, 7 PM — quietNov 1, 10 PM — quietNov 2, 1 AM — quietNov 2, 4 AM — quietNov 2, 7 AM — quietNov 2, 10 AM — quietNov 2, 1 PM — quietNov 2, 4 PM — quietNov 2, 7 PM — quietNov 2, 10 PM — quietNov 3, 1 AM — quietNov 3, 4 AM — quietNov 3, 7 AM — quietNov 3, 10 AM — quietNov 3, 1 PM — quietNov 3, 4 PM — quietNov 3, 7 PM — quietNov 3, 10 PM — quietNov 4, 1 AM — quietNov 4, 4 AM — quietNov 4, 7 AM — quietNov 4, 10 AM — quietNov 4, 1 PM — quietNov 4, 4 PM — quietNov 4, 7 PM — quietNov 4, 10 PM — quietNov 5, 1 AM — quietNov 5, 4 AM — quietNov 5, 7 AM — quietNov 5, 10 AM — quietNov 5, 1 PM — quietNov 5, 4 PM — quietNov 5, 7 PM — quietNov 5, 10 PM — quietNov 6, 1 AM — quietNov 6, 4 AM — quietNov 6, 7 AM — quietNov 6, 10 AM — quietNov 6, 1 PM — quietNov 6, 4 PM — quietNov 6, 7 PM — quietNov 6, 10 PM — quietNov 7, 1 AM — quietNov 7, 4 AM — quietNov 7, 7 AM — quietNov 7, 10 AM — quietNov 7, 1 PM — quietNov 7, 4 PM — quietNov 7, 7 PM — quietNov 7, 10 PM — quietNov 8, 1 AM — quietNov 8, 4 AM — quietNov 8, 7 AM — quietNov 8, 10 AM — quietNov 8, 1 PM — quietNov 8, 4 PM — quietNov 8, 7 PM — quietNov 8, 10 PM — quietNov 9, 1 AM — quietNov 9, 4 AM — quietNov 9, 7 AM — quietNov 9, 10 AM — quietNov 9, 1 PM — quietNov 9, 4 PM — quietNov 9, 7 PM — quietNov 9, 10 PM — quietYesterday, 1 AM — quietYesterday, 4 AM — quietYesterday, 7 AM — quietYesterday, 10 AM — quietYesterday, 1 PM — quietYesterday, 4 PM — quietYesterday, 7 PM — quietYesterday, 10 PM — quietToday, 1 AM — quietToday, 4 AM — quietToday, 7 AM — quietToday, 10 AM — quietToday, 1 PM — quietToday, 4 PM — quietToday, 7 PM — quiet 1–23
1–2NatWest reports record profits alongside…3CEO frames AI as universal benefit beyond…
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What was reported 1 claim about this development

  1. 1 outlet NatWest slashes 1,000 jobs in AI overhaul

    first by The Telegraph, 12d ago

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