Lloyds: UK's Lloyds Bank Faces Criticism from Union over IT Restructuring Program

Lloyds Bank is implementing a significant restructuring program that will result in the layoff of 300 engineering staff, according to reports. The program is said to be part of Lloyds' broader transformation strategy and aims to bolster digital services, increase efficiency, and maintain a competitive edge against emerging Fintech firms. The restructuring initiative, known as "Platform 3.0," has been underway since 2022. As part of this program, Lloyds introduced mandatory testing for engineering, architecture, and