By Fatma Younis
NatWest Group has reported a pre-tax profit of £2.2 billion for the latest period, even as the bank announced plans to eliminate approximately 1,000 positions. The job reductions come as the lender pushes forward with an efficiency drive powered by artificial intelligence.
AI-Driven Restructuring
The bank said the workforce reductions are part of a broader strategy to streamline operations through automation and AI technologies. NatWest indicated that the technology investments are expected to deliver cost savings while maintaining service levels for customers.
