Working for Lloyds Banking Group just got a whole lot more stressful. The bank has warned that employees deemed to be “underperforming” could lose their jobs, with 3,000 staffers judged to be among the bottom 5 per cent at risk.
The company said this “performance management measure” is part of its plan to create a “high-performance culture” – one that could be used to select staff for dismissal. But this is not about reducing the 63,000-strong headcount – it’s pour encourager les autres.
