Skip to content
Subscriber Only

Lloyds Said to Cut 9,000 Jobs Amid Online Banking Shift

Updated on

Lloyds Banking Group Plc, Britain’s largest mortgage provider, will announce about 9,000 job cuts next week as its customers increasingly shift to online services from branches, a person with knowledge of the matter said.

The bank will detail the cuts, a target for branch closures and the increasing automation of its services as part of a new three-year plan on Oct. 28, when it releases third-quarter results, said the person, who asked not to be identified because the strategy hasn’t been finalized.