The Societe Generale ($GLE (-0.18%) ) plans to cut about 900 jobs in France this year, mainly in the areas of IT and support.

CEO Slawomir Krupa strives to cost reductions to increase profitability increase profitability. The exact number of job cuts will be between 900 and 1000 will be between 900 and 1000.

Krupa announced in September 2023 that it would reduce costs by 2026 by around 1.7 billion euros by 2026.