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Lloyds Cuts 730 More Tech, Retail Jobs as Restructuring Deepens

More than 1,000 roles are being eliminated at Lloyds Banking Group, mostly at its retail and technology units.

More than 1,000 roles are being eliminated at Lloyds Banking Group, mostly at its retail and technology units.

Photographer: Hollie Adams/Bloomberg

Lloyds Banking Group Plc is cutting about 730 more jobs, mostly at its technology and retail units, as the British lender executes a restructuring plan that was paused by the pandemic.

Most of the affected staff won’t leave until January, the London-based bank said Wednesday. While the bank is creating more than 300 new positions, more than 1,000 roles are being eliminated.