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Home > Finance > Societe Generale to cut 1,800 jobs in France

Societe Generale to cut 1,800 jobs in France

Published by Global Banking & Finance Review®

Posted on January 22, 2026

1 min read

Last updated: January 22, 2026

Societe Generale to cut 1,800 jobs in France - Finance news and analysis from Global Banking & Finance Review

Tags:job creation financial sector unemployment rates corporate strategy

Quick Summary

Societe Generale will cut 1,800 jobs in its French retail banking sector by 2027, following reorganization plans announced by the CGT union.

Societe Generale to cut 1,800 jobs in France

Job Cuts Announcement by Societe Generale

Jan 22 (Reuters) - Societe Generale said on Thursday it would cut 1,800 positions in its French retail banking branch and potentially beyond.

Details of the Job Cuts

The announcement follows a press statement labour union CGT published on Wednesday, saying the French lender was planning reorganisation.

Union Response and Reorganization Plans

The job cuts are expected to happen throughout 2026 and 2027, Societe Generale said.

(Reporting by Jakob Van Calster in Gdansk, editing by Milla Nissi-Prussak)

Key Takeaways

•Societe Generale plans to cut 1,800 jobs in France.
•The job cuts will occur in the retail banking sector.
•Reorganization plans were announced by the CGT union.
•The cuts are expected to happen by 2026-2027.
•Societe Generale is a major French lender.

Frequently Asked Questions about Societe Generale to cut 1,800 jobs in France

1What is a job cut?

A job cut refers to the reduction of employees in a company, often due to restructuring, financial difficulties, or changes in business strategy.

2What is corporate strategy?

Corporate strategy is a company's overall plan for managing its business operations and resources to achieve long-term goals and maximize shareholder value.

Editorial & Advertiser disclosure

Home > Finance > Societe Generale to cut 1,800 jobs in France

Finance

Societe Generale to cut 1,800 jobs in France

Published by Global Banking & Finance Review®

Posted on January 22, 2026

1 min read

Last updated: January 22, 2026

Tags:job creation financial sector unemployment rates corporate strategy

Quick Summary

Societe Generale will cut 1,800 jobs in its French retail banking sector by 2027, following reorganization plans announced by the CGT union.

Societe Generale to cut 1,800 jobs in France

Job Cuts Announcement by Societe Generale

Jan 22 (Reuters) - Societe Generale said on Thursday it would cut 1,800 positions in its French retail banking branch and potentially beyond.

Details of the Job Cuts

The announcement follows a press statement labour union CGT published on Wednesday, saying the French lender was planning reorganisation.

Union Response and Reorganization Plans

The job cuts are expected to happen throughout 2026 and 2027, Societe Generale said.

(Reporting by Jakob Van Calster in Gdansk, editing by Milla Nissi-Prussak)

Key Takeaways

•Societe Generale plans to cut 1,800 jobs in France.
•The job cuts will occur in the retail banking sector.
•Reorganization plans were announced by the CGT union.
•The cuts are expected to happen by 2026-2027.
•Societe Generale is a major French lender.

Frequently Asked Questions about Societe Generale to cut 1,800 jobs in France

1What is a job cut?

A job cut refers to the reduction of employees in a company, often due to restructuring, financial difficulties, or changes in business strategy.

2What is corporate strategy?

Corporate strategy is a company's overall plan for managing its business operations and resources to achieve long-term goals and maximize shareholder value.