Lloyds Banking Group Plc staff face increased scrutiny over their performance, leaving thousands of employees at risk of dismissal.
The British lender's new performance review will increase pressure on the bottom 5% of its workforce, with about half of those potentially losing their jobs unless they improve, according to a person familiar with the matter. While there are no specific targets for the number of job cuts, the bank is evaluating whether its current exit rate is out of step with the industry and its own track record.