Societe Generale Announces 1,800 Net Job Cuts in France (GLE.PA)

Societe Generale unveiled plans on January 22, 2026, to eliminate 1,800 net positions in France as part of a strategic workforce restructuring. The French banking giant confirmed the reduction will affect its domestic operations across multiple business lines. The lender stated it will pursue voluntary measures and natural attrition to achieve the target over the coming months. Societe Generale employs tens of thousands of staff in France, though exact divisional breakdowns were not disclosed. The announcement signals continued cost discipline at Societe Generale (GLE.PA) as European banks grapple with margin compression and digital disruption. Shares trade on Euronext Paris.