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Thousands of Lloyds group staff at risk of losing jobs
The Independent
|September 05, 2025
Lloyds Banking Group is set to put thousands of its “lowest-performing” staff at risk of losing their jobs as it tries to embed a “high-performance culture”.
The group, which covers Lloyds Bank, the Halifax Building Society and Bank of Scotland, plans to change how it monitors the performance of its employees and manages staff turnover.
Among its workforce - which totalled about 61,200 at the end of last year - around 3,000 people viewed to be among the bottom 5 per cent are set to be put at risk of dismissal.
However, The Independent understands there won't be an overall pursuit of job cuts; rather, those who do not increase performance levels will be replaced by new arrivals.
It is also understood there is no fixed target for the numbers or staff who must be included in the review or where the changes will occur.
Denne historien er fra September 05, 2025-utgaven av The Independent.
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