Thousands of Lloyds staff deemed to be underperforming face axe

Lloyds Banking Group faces job cuts as it targets underperforming staff, potentially affecting thousands of employees. The move comes as the bank aims to improve performance across all levels of the organization. Around 3,000 employees are at risk, with 1,500 expected to be made redundant. This decision follows a trend in the industry to enhance productivity and customer experiences.