Announcement comes as group reveals 72% drop in annual pre-tax profits to £1.2bn for 2020
Lloyds Banking Group is to reduce its office space by 20% over the next two years, as working from home becomes a permanent lifestyle change.
The decision was taken after 77% of Lloyds’ 68,000 employees said they wanted to work from home for three or more days a week in the future. The bank’s chief financial officer, William Chalmers, said it would make sure offices offered more space for teamwork rather than areas where staff sit at their desks alone.
