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Pizza Hut to potentially cut 455 jobs in U.K. after 865 cuts at Lloyd’s Banking

Pizza Hut to potentially cut 455 jobs in U.K. after 865 cuts at Lloyd’s Banking

Pizza Hut is in discussions with creditors in an effort to prevent the layoff of over 400 employees as a result of meager earnings as a associated with COVID-19. A spokesman said it won’t recover until late 2021. The news comes after Lloyds Banking Group cut 865 jobs in areas such as insurance and wealth management as it revived plans to restructure the business.

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