Lloyds Banking Group is undertaking a significant restructuring of its technology workforce, shifting substantial operations to India. According to an internal presentation viewed by the Financial Times, the British bank plans to employ 4,000 permanent staff in technology and data roles in India by the end of 2025. This will represent nearly half of Lloyds’ global technology workforce.
The expansion centers on the bank’s technology hub in Hyderabad, which opened in 2023. Lloyds described this facility as a “pivotal moment in our overall transformation journey.” The bank is actively recruiting for specialized technical positions in Hyderabad, including full-stack engineers, cloud specialists, and quality engineers—all roles requiring advanced technical expertise.
This international expansion comes alongside a major restructuring of Lloyds’ domestic IT operations. While the bank is creating 1,200 new high-skilled technology positions, current employees will need to compete for these roles through a selection process scheduled to conclude later this month.
The shift represents a significant change in Lloyds’ operational footprint, moving from a predominantly UK-centered technology workforce to one with a substantial international component. By year-end, the distribution of the bank’s engineering talent will be nearly evenly split between the UK and India.
This move aligns with broader industry trends among financial institutions seeking to optimize costs while accessing global talent pools. The Hyderabad hub appears central to Lloyds’ technology transformation strategy, potentially offering both cost advantages and access to India’s deep pool of technology professionals.
Other UK financial institutions have already shifted operations to India. NatWest employs more than 17,000 people in Bangalore and Gurugram, while Nationwide has also moved some IT jobs overseas.
Last updated: December 26th, 2025
