2026-01-22 18:16:59

BNP Paribas is making significant organizational changes as it wraps up the integration of Axa Investment Managers into its operations. The bank plans to eliminate approximately 1,200 positions during this consolidation process.

This move reflects the broader trend in traditional finance where major institutions are streamlining operations and consolidating overlapping functions. The asset management sector has been under pressure, and such restructuring decisions often signal shifting priorities in capital allocation and business focus.

The integration of large asset portfolios typically involves redundancies in back-office operations, compliance teams, and middle-management layers. For those watching macro trends, these moves in traditional banking hint at how institutional players are positioning themselves amid evolving market conditions.

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ContractBugHunter

· 18h ago

1200 people laid off... Traditional finance is really anxious, all tightening up Hmm, more layoffs, same old story CEX are all cutting staff wildly, trad finance isn't doing much better This round of consolidation is just shedding baggage, the backend staff are the worst off Is the decline in traditional finance a sign of recession? Or just pure cost optimization? So many compliance teams cut, is it to relax regulations... DeFi is really attractive, no one controls you, maximum freedom Waiting for regulatory authorities' response, BNP's move is interesting

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just_another_fish

· 18h ago

The wave of layoffs in traditional finance has really arrived, with 1,200 people directly gone... Traditional finance is still playing the same old game, never learning the efficiency of Web3. Isn't BNP's recent restructuring just about shedding baggage? Anyway, back-office work can also be automated. Another major bank is shrinking, it seems that traditional financial institutions have been gradually contracting over the past few years. It's a common problem with centralized institutions; when they become bloated, they can only cut staff. Now I understand why decentralization is necessary—the organizational costs in traditional finance are just inflated.

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BlockchainGriller

· 18h ago

Traditional finance is starting to lay off employees again. Really, over a thousand positions just gone like that. What else can be done...

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NotSatoshi

· 18h ago

Traditional finance is starting to lay off again. It feels like banks haven't had a moment of peace in these years... 1,200 positions are gone, with middle management taking the biggest hit.

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EntryPositionAnalyst

· 18h ago

1200 people? The old traditional finance is starting to inflate again, and this time it's BNP's turn.

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EthSandwichHero

· 18h ago

More layoffs news... Traditional finance is really squeezing the bubble.

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