A new big wave of layoffs is coming at British banks Economy
A new wave of layoffs is underway in the British banking sector. Various media reports suggest that 2,500 jobs are at risk of disappearing at Lloyds Banking, while 2,000 jobs may be cut at Barclays.
An insider told the news agency that Lloyds Banking will soon speak to several employees about the interventions Reuters. This includes analysts and product managers.
It is not yet clear how many people will ultimately lose their jobs. Staff will be informed of the interventions next week.
Lloyd’s management ultimately hopes to have to cut fewer jobs, she wrote Watchman. According to the British newspaper, the reorganization process will also lead to the creation of about 120 new positions.
Lloyds is one of the largest banks in the United Kingdom. A spokesperson says the company is changing to ensure it can do more for customers and deliver the products and services they need. The company says nothing about job losses.
Barclays wants to cut costs
Reuters He wrote earlier this week that Barclays wants to save the equivalent of €1.15 billion. The executives of this bank are said to be looking into various proposals to enhance profitability. Barclays declined to comment.
There are also plans for reorganization at Rabobank. A spokesman for the Dutch bank confirmed after the reports that the bank is looking at ways to “simplify” and become “more efficient.” Financial Times. The company has not yet been able to determine whether jobs will be lost or not.
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