2023-11-24 21:57:26
A new wave of layoffs is imminent in the British banking sector. Several media report that 2,500 jobs are threatened at Lloyds Banking. The day before, we learned that Barclays was considering reducing its costs, which could lead to the elimination of 2,000 jobs.
Lloyds will consult employees in several functions about these cost reductions next week, according to explanations from a source close to the matter to the Archyde.com news agency. These include analysts and product managers. It is not yet known how many people will lose their jobs.
Lloyds management hopes to reduce the number of jobs, writes The Guardian. According to the British newspaper, the reorganization will also create around 120 new positions.
Lloyds is one of the UK’s largest banks. The company is “transforming to ensure we can do more for our customers and provide the products and services they need,” a spokesperson commented, declining to provide details on the job cuts.
Earlier this week, the Archyde.com agency reported Barclays’ desire to save 1 billion pounds (1.15 billion euros). The managers of this bank are reportedly studying various proposals to increase profitability. The company, however, did not wish to comment.
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