Barclays bank says changes in the way customers use its branches is behind the decision to cut up to 1,700 jobs.
In a statement it said that new technology meant that fewer everyday transactions were now done in high street branches.
The bank said it would provide a better service with less staff.
It has started a voluntary redundancy scheme.
The way in which our customers access their banking services is changing rapidly.
More and more people are choosing to use smartphones and technology for everyday transactions - using branches only when they need access to expertise.
As a result of technological changes, we will be able to provide better service for our customers with fewer staff in our branches.
More top news
Weather warning in force across central and northern Scotland until 9am Tuesday morning.
We're all narcissists now (aren't we) so it must be OK for me to see the prism of UK politics through my two stints as a political editor.
Bury has a knack of voting for the next governing party, but with 100,000 young people registering to vote in a week, what matters to them?