Lloyds Bank has put hundreds of jobs at risk and unveiled plans to close two offices as Britain’s biggest lender ramps up a cost-cutting drive.

Making changes means not only creating new roles and upskilling colleagues in some parts of the business but also having to say goodbye to talented people who have been a part of the group’s success i

Lloyds also announced it would be permanently closing its office in Dunfermline, Scotland next year. About 1,500 people work at the Dunfermline office, and they will be asked to either work from home, or relocate to the Citymark building in Edinburgh.

Calls to return to offices on a more regular basis continue to be a theme as we head into 2025, with several big organisations ordering their workforce to increase their time at the desk. Now Lloyds Banking Group is doing the same - with the possibility of bonus cuts for those who don’t comply.

Since early 2023, Lloyds has required staff to be in the office at least two days a week. Under the bank’s new plan, office attendance would be used as bonus criteria only for its most senior employees,

Lloyds bankers could face bonus cuts unless they turn up to office at least two days a week - The approaching end of hybrid working being dominant in finance roles has been apparent for some time

Lloyds Bank employees will get paid bonuses next month—and 2-day in-office minimum attendance will be one of the factors taken into account.