The bank, which reported 19% decrease in revenues to €5.09bn in the current quarter period, said that it will reduce operational cost by €900m starting from 2013 to 2015.
Around 620 job cuts will take place in France, with nearly 550 jobs at its headquarters in Paris, while the remaining positions will be scrapped globally.
According to a data released by the lender, it has a global work force of 154,000 employees including 60,000 in France.
The French multinational bank, which saved nearly €550m in 2012, said that continued uncertainty in euro-zone and weak business sentiment are the main factors behind the drop in revenues.
It further plans to reduce operational cost by €1.45bn, in a bid to generate a return on equity of 10% by 2015, from 7.4% in the first quarter of 2013, as well as to drive profitability.
Another French bank, Crédit Agricole has also announced a cost cutting drive of €650m by 2016, although it did not disclose the measures and strategies for the same.
Operating in 76 countries, Société Générale serves approximately 32 million customers worldwide on a daily basis and offers advice and services to individual, corporate and institutional customers in retail banking and corporate and investment banking.
