ArmInfo. French bank Societe Generale intends to cut 1,800 jobs by the end of 2027 as part of efforts to simplify its organizational structure and improve operational efficiency.
The reduction does not include layoffs and will be implemented through positions vacated by natural attrition and through internal redeployment, the bank said in a statement.
The planned measures, which include retraining and skills development, are stipulated in the agreement Societe Generale reached with trade unions last December, the bank noted. The changes will affect jobs in the French retail division.
As of October 30, 2025, Societe Generale employed approximately 119,000 people in 62 countries.
