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SocGen to cut 1,800 jobs in France by end of 2027, union says

Published by Global Banking & Finance Review

Posted on January 21, 2026

1 min read

· Last updated: January 21, 2026

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Jan 21 (Reuters) - French bank Societe Generale is planning to cut 1,800 jobs in France by the end of 2027, the Financial Times reported on Wednesday. Reuters could not immediately verify the FT

Societe Generale Plans to Eliminate 1,800 Jobs in France by 2027

Societe Generale Job Cuts Overview

Jan 21 (Reuters) - French bank Societe Generale is planning to cut 1,800 jobs in France by the end of 2027, the CGT union said on Wednesday.

Details of the Reorganization Plan

"Management is calling in the unions ... to present them with the reorganisation plan, which will result in 1,800 job losses – without any specific support plan (through natural attrition)," the union said in a statement.

Societe Generale declined to comment.

Union's Response and Expectations

The union expects the bank to publish a statement on Thursday.

(Reporting by Kanjyik Ghosh in Barcelona and Mathieu Rosemain in Paris; Editing by Emelia Sithole-Matarise)

Key Takeaways

  • Societe Generale plans to cut 1,800 jobs in France.
  • The job cuts are expected to be completed by the end of 2027.
  • The Financial Times reported the planned layoffs.
  • Reuters has not yet verified the report.
  • The impact on employees remains a key concern.

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