Back Market, a refurbished specialist, cuts nearly 70 jobs in France

The French champion in the sale of refurbished technological products is cutting its workforce. Back Market is preparing a departure plan to reduce its workforce by 13%, out of a total workforce of 715 employees worldwide, we learned, Monday, January 2, 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 (Financial Times group) and Echoes. In France, a voluntary departure plan is underway for 67 positions, added this spokesperson.

Back Market “I’m fine” but must, because of the general economic context, put more emphasis on profitability, explained this spokesperson. The company aims this year to “to approach profitability”without giving up growth.

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More than 1,500 partner resellers

Back Market, which today claims more than 1,500 partner resellers, sells refurbished telephones, computers, game consoles or accessories on its website, supplied by specialized companies. The value of the group, with a presence in seventeen countries, 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.

Read also: What to do with our old unused electronic devices?

The World with AFP

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