The French refurbished champion wants to reduce its workforce by 13%. Around sixty jobs are affected in France.
Back Market, the French champion in the sale of refurbished technological products, is in the process of implementing a departure plan to reduce its workforce by 13%, out of a total workforce of 715 employees worldwide, AFP learned from the company. Of the 93 jobs to be cut, 26 have already been cut in offices in New York, Barcelona and Berlin, according to a Back Market spokeswoman, who confirmed information from Sifted (band FinancialTimes) and echoes. In France, a voluntary departure plan is underway for 63 positions, added this spokesperson.
Back Market “is doing well” but must, because of the general economic context, put more emphasis on profitability, said this spokesperson. The company aims this year to “approach profitability”, without giving up growth, she said. Back Market sells refurbished telephones, computers, game consoles or accessories on its website, supplied by specialized companies. It now claims more than 1,500 partner resellers.
Flagship of French tech
The group is one of the flagships of French tech, with a presence in 17 countries, and a valuation that was estimated at 5.1 billion euros at the time of its last fundraising (450 million euros) in January 2022. After several years of unbridled growth, financed by increasingly strong fundraising, start-ups and other tech nuggets around the world are now being urged by their shareholders to focus more on profitability.
In the United States, many tech companies have announced massive workforce reductions. Europe has remained more protected for now, with few such announcements. In France, Meero, a photo specialist for internet platforms (fashion and e-commerce), is in the process of cutting around 72 jobs and refocusing its activities on its image processing software suite.
