Lloyds Bank and Pizza Hut cut more than 1,000 jobs

Lloyds Banking Group and Pizza Hut are the latest firms to announce job cuts due the impact of the pandemic. Lloyds said it was cutting 865 jobs in areas like insurance and wealth management as it revived plans to restructure the business. Separately, Pizza Hut is planning to close 29 restaurants with the loss of 450 jobs. "The employer should not focus solely on cutting jobs and costs but instead the bank should invest in a workforce that has only shown loyalty, dedication and hard work through the good times, and the bad.". Pizza Hut said it had faced "Significant disruption" from the pandemic and would have to close 29 of its 244 UK restaurants.

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