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Lloyds shifts skilled IT jobs from UK to India, FT reports

Published by Global Banking & Finance Review

Posted on March 7, 2025

1 min read

· Last updated: January 25, 2026

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Lloyds shifts skilled IT jobs from UK to India, FT reports
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(Reuters) - Lloyds Banking Group is hiring hundreds of IT engineers in India, while planning to cut hundreds of similar jobs in the UK, the Financial Times reported on Friday citing a person familiar

Lloyds shifts skilled IT jobs from UK to India, FT reports

(Reuters) - Lloyds Banking Group is hiring hundreds of IT engineers in India, while planning to cut hundreds of similar jobs in the UK, the Financial Times reported on Friday citing a person familiar with the plans.

The British lender plans to include 4,000 permanent employees working in technology and data in India by the end of the year, the report said, citing a presentation.

(Reporting by Pretish M J in Bengaluru; Editing by Varun H K)

Key Takeaways

  • Lloyds is hiring IT engineers in India.
  • Hundreds of UK IT jobs will be cut.
  • 4,000 tech roles planned in India by year-end.
  • The move is part of a strategic shift.
  • Reported by the Financial Times.

Frequently Asked Questions

What is Lloyds Banking Group planning regarding IT jobs?
Lloyds Banking Group is hiring hundreds of IT engineers in India while planning to cut hundreds of similar jobs in the UK.
How many employees will Lloyds have in India by the end of the year?
The British lender plans to include 4,000 permanent employees working in technology and data in India by the end of the year.
Which publication reported on Lloyds' job shifts?
The Financial Times reported on Lloyds Banking Group's plans to shift IT jobs from the UK to India.

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