Societe Generale Unveils Workforce and Organizational Transformation Plan Aligned with Long-Term Strategy

Societe Generale Unveils Workforce and Organizational Transformation Plan Aligned with Long-Term Strategy

(IN BRIEF) Societe Generale has submitted a project for organizational simplification in France as part of its strategic roadmap focused on sustainable performance, efficiency, and workforce development. The initiative follows extensive employee collaboration and aims to streamline structures, increase automation and the use of artificial intelligence, and enhance agility across central functions and parts of Retail Banking, excluding branch networks. Through natural attrition and a framework prioritising internal mobility and skills development, the Group plans a net reduction of 1,800 positions without redundancies, supported by expanded training through Societe Generale University and the creation of a Mobility and Skills Campus, with implementation expected to take place gradually from 2026 onwards.

(PRESS RELEASE) PARIS, 22-Jan-2026 — /EuropaWire/ — Societe Generale is moving forward with the next phase of its strategic roadmap, first outlined in September 2023, as it continues efforts to strengthen sustainable performance through greater operational efficiency, organizational simplification, and long-term investment in skills development and internal mobility. As part of this process, the Group has formally submitted a proposed organizational simplification project in France to employee representative bodies.

The initiative builds on a large-scale, Group-wide collaborative programme that engaged close to 2,000 employees and generated several thousand proposals aimed at streamlining tools and procurement, simplifying processes and organizational structures, pooling teams, and expanding automation alongside the use of artificial intelligence. These contributions form a central pillar of the Group’s ambition to modernise its operating model while maintaining a strong focus on client service.

The proposed organizational changes in France cover several business activities and central functions at headquarters, as well as the regional structure of Retail Banking, excluding the branch network. The objective is to simplify ways of working, enhance efficiency, and foster more agile and empowering operating models capable of responding more effectively to client needs.

As part of this evolution, Societe Generale plans to reduce the net number of positions by 1,800 through natural attrition, supported by an innovative social framework that prioritises internal mobility and skills development. These changes fall within the scope of the Employment Agreement signed on 15 December 2025 with three trade unions and do not involve a redundancy plan, instead favouring internal career transitions across the Group’s wide range of professions.

To support employees through this transformation, the Group will reinforce career-long training via Societe Generale University and establish a new Mobility and Skills Campus. This initiative is designed to facilitate internal movement, strengthen connections between different entities, and enable diverse career pathways, including transitions into emerging roles. Subject to consultation with employee representative bodies, the organizational changes are expected to be implemented progressively during 2026 and 2027 for the affected activities, with potential extensions for Retail Banking in France thereafter.

Press contacts: 

Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com

Amandine Grison_+33 1 41 45 92 40_amandine.grison@socgen.com 

Societe Generale
Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:
• French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
• Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
• Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

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SOURCE: Societe Generale