Investing
Societe Generale plans job cuts in France to trim costs- Bloomberg News
© Reuters. People walk past a logo of French bank Societe Generale in front of the company’s skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo
(Reuters) – Societe Generale (OTC:) is preparing to cut hundreds of jobs in its home market as part of Chief Executive Officer Slawomir Krupa’s effort to rein in costs, Bloomberg News reported on Friday.
France’s third-biggest listed bank plans to announce the redundancies across its domestic operations in the coming weeks, the report said, citing people familiar with the matter.
More than 500 roles could be affected, one of the persons said.
Societe Generale declined to comment on the report.
Krupa, who took the reins of the company in May, is striving to revive the bank’s shares by delivering on the cost-cutting and conservative targets he set out in September.
Read the full article here
5 Financial Blind Spots That Could Be Preventing You From Making More Money
Boost Business Efficiency with Five Years of Control D for $40
What to Expect as 7-Eleven U.S. Makes Japanese-Inspired Changes
5 Secrets to Successfully Launch Your First Paid Product
Today's mortgage rates remain unchanged for 15- and 30-year terms | July 26, 2024
Gas prices drop as demand for driving fizzles out: AAA
How to Build A Startup, From an Early Lyft, Twitch Investor
Crowdstrike CEO Responds to Causing Largest IT Outage in History
The Top 5 AI Tools That Can Revolutionize Your Workflow and Boost Productivity
NLRB Drops Expanded Joint Employer Appeal
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Personal Finance7 days agoGas prices drop as demand for driving fizzles out: AAA
-
Investing6 days agoCrowdstrike CEO Responds to Causing Largest IT Outage in History
-
Side Hustles6 days agoHow to Build A Startup, From an Early Lyft, Twitch Investor
-
Passive Income6 days agoThe Top 5 AI Tools That Can Revolutionize Your Workflow and Boost Productivity
-
Passive Income4 days agoNLRB Drops Expanded Joint Employer Appeal
-
Side Hustles6 days agoJake Paul: Mindset Hacks, Mike Tyson Fight, Embracing Fear
-
Investing7 days agoBoeing to supply E-7 in first major win since plea deal By Reuters
-
Side Hustles5 days ago10 Effective Growth Marketing Strategies for Your Startup