Lloyds shifts skilled IT jobs from UK to India, FT reports
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Lloyds Banking Group is shifting hundreds of IT jobs from the UK to India, as reported by the Financial Times. This move involves hiring IT engineers in India while cutting similar positions in the UK.
March 07, 2025 | 5:45 am
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Lloyds Banking Group is relocating IT jobs from the UK to India, hiring engineers in India and cutting similar roles in the UK.
The relocation of IT jobs may reduce costs for Lloyds, potentially improving profitability. However, the impact on stock price is uncertain as it may also face backlash or operational challenges.
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