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SocGen to cut 900 jobs at Paris head office

FILE PHOTO: Logo of French bank Societe Generale in La Defense near Paris

French bank Societe Generale has announced plans to cut approximately 900 jobs at its head office in Paris. The move is part of an ongoing restructuring effort aimed at streamlining operations and improving efficiency.

The job cuts, which are expected to be completed by 2023, will primarily affect support functions such as human resources, finance, and IT. The bank aims to reduce costs and adapt to changing market conditions by eliminating redundancies and optimizing its workforce.

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