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flag Santander UK cuts over 2,000 jobs, sees 5% drop in profits amid cost-cutting measures.

flag Santander UK cut over 2,000 jobs as part of a cost-saving plan, leading to a 5% drop in pre-tax profits to £764 million in the first half of 2025. flag The bank's "simplification and automation" drive aims to improve efficiency through 2025. flag It had previously announced the elimination of over 1,400 jobs in 2024 and the closure of 95 branches. flag The bank has also set aside £295 million for a car finance scandal, awaiting a Supreme Court decision on compensation plans.

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