GBAF Logo
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

Add as preferred source on Google
Societe Generale to cut 1,800 jobs in France
job creation financial sector unemployment rates corporate strategy
Global Banking & Finance Awards 2026 — Call for Entries

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

What 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.
What 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.

Tags

Related Articles

Image for Trump tells Fox News Iran can call US if it wants to negotiate

Trump tells Fox News Iran can call US if it wants to negotiate

Image for Australia's Wong to visit Japan, China, South Korea to discuss energy security

Australia's Wong to visit Japan, China, South Korea to discuss energy security

Image for Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Image for Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Image for Russian defence minister visits North Korea

Russian defence minister visits North Korea

Image for Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says

Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says

More from Finance

Explore more articles in the Finance category

Image for Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Image for Germany's far-right AfD rises to record 28%, INSA poll shows
Germany's far-right AfD rises to record 28%, INSA poll shows
Image for German government suspects Russia of Signal attack targeting politicians, sources say
German government suspects Russia of Signal attack targeting politicians, sources say
Image for Romania finds parts of second drone after overnight Russian attack on Ukraine
Romania finds parts of second drone after overnight Russian attack on Ukraine
Image for China condemns EU's inclusion of Chinese entities in sanctions package against Russia
China condemns EU's inclusion of Chinese entities in sanctions package against Russia
Image for Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Image for Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Image for France's Macron says EU mutual assistance clause is unambiguous
France's Macron says EU mutual assistance clause is unambiguous
Image for US to let Venezuela pay Maduro's lawyer in drug trafficking case
US to let Venezuela pay Maduro's lawyer in drug trafficking case
Image for Italy votes down equal parental leave while fathers redefine their role online
Italy votes down equal parental leave while fathers redefine their role online
Image for German auto industry faces even tougher competition as China economy slows
German auto industry faces even tougher competition as China economy slows
Image for Romania says drone fragments damage property during overnight Russian attack on Ukraine
Romania says drone fragments damage property during overnight Russian attack on Ukraine
View All Finance Posts