Santander UK: Banking giant cuts more than 2,000 roles amid a cost-saving overhaul

Santander UK revealed more than 2,000 roles have been cut amid a cost-saving overhaul as it reported a drop in half-year profits. #santander

Transcript

00:00Hello, I'm Greg Wright of the Yorkshire Post.

00:03Santander UK has revealed that more than 2,000 rolls have been cut amid a cost-saving overhaul

00:10as it reported a fall in half-year profits.

00:13The high street lender, whose Spanish parent company recently announced a 2.65 billion deal

00:18to buy the UK rival TSB, said the drop in its workforce comes as part of an ongoing

00:24simplification and automation drive.

00:26It reported a 5% fall in pre-tax profits to £764 million the first six months of 2025.

00:35The bank said it continues to expect a gradual return to net mortgage lending in 2025, adding

00:41its pipeline was good heading into the second half of the financial year.

00:46My name is Greg Wright.

00:47I'm the Deputy Business Editor of the Yorkshire Post.