French Tech Giant Atos Reaches Revenue Goals Despite Cutting Nearly 20% of Jobs

French technology services company Atos achieved its annual revenue target of over 8 billion euros after implementing major workforce reductions. The company eliminated 19% of its staff as part of a comprehensive restructuring plan called 'Genesis' designed to return the struggling firm to profitability.

A major French technology services firm has successfully reached its annual revenue goals following a dramatic corporate overhaul that resulted in nearly one-fifth of its workforce losing their jobs.

Atos announced Friday that it generated full-year revenue just above 8 billion euros (equivalent to $9.3 billion), achieving its financial target and demonstrating advancement in its recovery efforts after extensive financial reorganization.

The technology company eliminated 19% of its staff, reducing its workforce to 63,193 employees through its comprehensive restructuring initiative known as the “Genesis” program, which was designed to restore the company’s profitability following several years of financial difficulties.

Within Atos’s primary business division, revenue dropped 16.2% organically to 6.96 billion euros, even though the company secured a significant cybersecurity agreement with the European Commission during the reporting period. Meanwhile, the Eviden division saw sales increase by 6.7% to 1.04 billion euros, boosted by completing delivery of Germany’s Jupiter supercomputer project.

The company reported a contract backlog worth 10.7 billion euros at year-end December, equivalent to 1.3 years of revenue, indicating a strong pipeline of committed business that supports management’s optimism about the recovery trajectory.

Looking ahead, Atos anticipates 2026 will serve as a “year of stabilization” with goals for positive organic revenue growth, while limiting potential declines to no more than 5% even in difficult market conditions. The company plans to accelerate expansion in 2027-2028, targeting annual revenue increases of 5-7% and achieving a 10% operating margin by 2028.

Additionally, Atos aims to improve its financial position by reducing its leverage ratio to net debt below 1.5 times operating income by 2028, working toward achieving an investment-grade credit rating.