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, we learned on Monday from the company.
Of the 93 jobs to be cut, 26 have already been in offices in New York, Barcelona and Berlin, according to a Back Market spokeswoman.
In France, a voluntary departure plan is underway for 63 positions, added this spokesperson.
Back Market is “going well” but must, because of the general economic context, put more emphasis on profitability, said this spokesperson.
The end of unbridled growth
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.
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 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.
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