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NatWest cuts 1,400 jobs as profits rise 2%

By Drooid · Oct 30, 2026 · How we work

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Summary

NatWest eliminated about 1,400 jobs in 2026 as it accelerated cost-cutting.
Pre-tax operating profit rose to £2.2 billion in the three months to September, 2 % higher YoY.
Net interest income jumped nearly 9 % YoY to roughly £3.6 billion, boosting earnings.
Cost-to-income ratio fell to 45.7 % after £420 million in savings.
Acquisition of Evelyn Partners added roughly 2,200 employees, raising headcount despite the 1,400 redundancies.

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NatWest eliminated about 1,400 jobs in 2026 as it accelerated cost-cutting.
Pre-tax operating profit rose to £2.2 billion in the three months to September, 2 % higher YoY.
Net interest income jumped nearly 9 % YoY to roughly £3.6 billion, boosting earnings.
Cost-to-income ratio fell to 45.7 % after £420 million in savings.
Acquisition of Evelyn Partners added roughly 2,200 employees, raising headcount despite the 1,400 redundancies.