Among the half-dozen new names arriving at the Elysee Palace is Laurence Boone, a chief economist at Bank of America who until very recently was an ardent critic of the president's economic policy.
Boone, who is Hollande's new economic and financial adviser, wrote an article just a fortnight ago in Paris magazine L'Opinion titled "Stop the massacre!" in which she railed against the government's "total absence of economic policy" and warned that France was just three years away from massive debts, three million unemployed and a young generation desperate to emigrate.
Hollande's shake-up will also see new faces in the foreign affairs team and press office, as well as leading input on culture and communications, and sports, youth and community life.
The beleaguered president is hoping to arrest a dramatic collapse in his popularity.
An opinion poll in May found only 11 per cent of voters thought he would make a good candidate for re-election in 2017, and his Socialist party took a record low 17 per cent in recent EU parliamentary elections.
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