Axa trims workforce: insurer to cut 150 positions at headquarters

The insurer Axa will cut around 150 jobs in its head office as part of a voluntary departure plan to "adapt the organization" to the "orientations" of its strategic plan, it said Tuesday in a press release. The voluntary departure plan "was negotiated then signed unanimously by the union organizations present", according to management. The departure of employees will depend on the social process that has started, underlines the company.

Volunteer employees will be able to benefit from both financial and support measures specific to their projects, such as training or professional retraining courses as well as a support system for business creation or takeover, underlines Axa. These job cuts aim to "clarify certain missions carried out by the headquarters in order to gain agility in our processes", and "strengthen the capacity of the headquarters teams to anticipate market developments", according to the French group. Artificial intelligence Axa claims 156.

000 employees and agents around the world, according to its website. The insurer achieved turnover up 5% year-on-year for the first three quarters of 2026, to 93 billion euros. The company made a net profit of 4.17 billion euros over the first half of the year.

However, it does not publish net profit in the first and third quarters. The insurer made public its objectives for the next three years on September 15, giving pride of place to artificial intelligence and cost control. The group also intends to focus on the market segments of small and medium-sized businesses, life insurance, direct insurance (marketed in parallel with the general agent network) as well as inclusive insurance.

Machine-translated from French