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SocGen to Lay Off 1,600 After Revamping Businesses

April 10, 2019 by Eugene Grygo

SocGen to Lay Off 1,600 After Revamping Businesses

French banking giant Societe Generale is making “strategic adjustments” among key business lines and has set in motion changes that will likely result in a layoff of 1,600 positions globally. At the same time, the firm wants to jolt operational efficiency and wants “dedicated operations and IT entities” to hasten their digital transformation according to… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Clearing, Industry News, Operational Risk, Ops Automation, Reconciliation & Exceptions, Settlement, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Back-Office, Performance Measurement, KYC, Derivatives, Industry News, People Moves Tagged With: Frédéric Oudéa, global markets, layoff, OTC commodities, platform strategy, SocGen, Societe Generale

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