Core Viewpoint - Societe Generale is accelerating its organizational simplification and skill development to enhance operational efficiency and sustainable performance [1] Group 1: Organizational Changes - The company has submitted a project for organizational simplification in France, focusing on several activities and central functions at headquarters, while the branch network remains unaffected [3] - The proposed changes aim to simplify operating methods, making them more efficient and agile in serving clients [3] - A net reduction of 1,800 positions is planned through natural attrition and an innovative social framework, without any redundancy plan, favoring internal career moves [4] Group 2: Employee Development - Career-long training will be enhanced through Societe Generale University, and a Mobility and Skills Campus will be established to facilitate internal mobility and diverse career paths [5] - The planned changes will be implemented gradually in 2026 and 2027, following consultations with employee representative bodies [5] Group 3: Employee Engagement - Close to 2,000 employees participated in a collaborative initiative, generating thousands of ideas to optimize tools, simplify processes, and strengthen automation and AI usage [2]

Group 1 - Employers are becoming cautious in their hiring outlook, focusing more on retention rather than new hiring, with an emphasis on selective hiring to maintain organizational resilience [3][4] - Nearly half of employers surveyed identified attracting qualified applicants and retention as their biggest challenges, with AI talent remaining in demand despite hiring slowdowns in other areas [3] - Two-thirds of HR managers have implemented hiring freezes, and nearly half plan to pause recruitment for at least the next 12 months, leading to a focus on reskilling and internal mobility [4] Group 2 - The global hiring market is becoming more measured due to economic uncertainty, with 45% of employers intending to maintain current workforce levels in Q4 2025, the highest since early 2022 [6] - Less than 40% of employers plan to add staff in Q4, while 15% expect to reduce their workforce, indicating a cautious approach to hiring [6] - Employers that do intend to hire are focusing on specific capabilities, particularly in technological advancement [6]