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BNP Paribas to slash 30,000 jobs in €600m cost drive

Source: removepaywalls.com

BNP Paribas plans to cut 30,000 jobs over the next four years as part of a major cost-saving initiative.
The French bank aims to save €600m annually by 2028 through workforce reductions and operational efficiencies.
This move responds to rising costs and competitive pressures in European banking.

BNP Paribas, France's largest bank, announced a restructuring plan that includes slashing 30,000 jobs worldwide by 2028. The initiative targets back-office and support functions while sparing front-line staff in client-facing roles. It reflects broader challenges in the European banking sector, where high operating costs and low growth are squeezing profits, making efficiency drives essential for survival.