Another blow for French Tech. After Back Market, a reconditioning specialist which decided to part with 13% of its staff, it is the turn of PayFit, a start-up specializing in human resources management and payroll automation, which is preparing to cut into its workforce.
According The echoes, the company that became unicorn last year after a funding round of 254 million euros plans to lay off 200 of its 1,000 employees, or 20% of its teams. A collective conventional break has been put in place for half of the employees invited to pack, mainly salespeople.
Faced with a more difficult economic context for several months, PayFit must reduce its sails in Europe. The wave of departures thus concerns the German office, now closed, as well as the Spanish branch. 50 employees must leave the company across the Rhine, while around thirty are made redundant in Spain, specifies the economic daily. The Italian office had been closed in 2021.