The announcement comes as the UK high street bank looks to overhaul its services as more customers use online banking.
A Lloyds spokeswoman said: “As more customers choose to manage their day-to-day banking online, it’s important our people are available when it matters most.
“We’re introducing a number of new roles and making changes to our branch teams so our customers can see us how and when they want to.”
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The redundancies are not expected to affect the most junior employees, and in some situations staff will be offered voluntary redundancy.
The group, which owns Lloyds, Halifax, and Bank of Scotland, said just 8% of its customers choose to visit high street branches as the sole way to manage their money.
More than 21 million customers use online or mobile banking.
But it’s not all bad news with the banking giants also revealing it would also be creating around 830 new roles as part of the strategy.
So in total the bank estimated there to be a net reduction of 769 jobs.
More information to follow.
