2023-06-09 09:30:08
By consulting the site Layoffs.fyi, which is a reference to examine the extent of layoffs in the technology sector on a global scale, one would think that France was very largely spared. Only about ten French companies having decided in their workforce are listed, for a total amount of less than 1,000 jobs.
At the top of the list comes the start-up Meero, with 350 job cuts, or 50% of its workforce. This is followed by Jellysmack and PayFit (nearly 200 jobs each, 20% of the workforce) and Back Market (less than 100 jobs, 13%). The balance sheet, however, is incomplete and a little darker. Does not appear, for example, the voluntary departure plan announced by OpenClassrooms, launched in April and which aims to reduce its teams by a quarter (about 500 people).
In a report published on May 4 by Numeum, the professional organization of the digital ecosystem in France, gives more worrying figures. The dynamics of the sector are experiencing a notable change in April, with a sharp drop in the number of start-ups creating jobs (-69%), while the number of those laying off workers is increasing (+50%), she observes. After three consecutive months of net job creation, the young French shoots would have eliminated more than 3,600 jobs in April, to reach a total of around 274,000 employees. Numeum recalls, however, that the volume of staff within these companies had grown by 15% in 2022.
One factor largely explains this contraction in the job market: financing conditions have become more complicated in France in recent months for start-ups, forcing them to be more careful about their expenses, especially their payroll. . According to the In Extenso Innovation Croissance/ESSEC Business School barometer, the amount of fundraising fell by 57% in the first quarter of 2023, compared to the same period of 2022. For certain sectors, such as fintech or software, the slowdown is even more brutal (respectively – 83% and – 86%).
More rationality
“In many French tech companies, downsizing has taken place abroad, in countries that are no longer considered promising in the short term”, says Franck Sebag, partner at EY. Paul-François Fournier, Executive Director of Bpifrance, tries to put things into perspective: “We are not at all in a phenomenon of the same magnitude as in the United States, but more in an adjustment mechanism. For entrepreneurs, it is a matter of extending the horizon of cash availability. » According to him, it is especially firms in hypergrowth, having massively hired these last two years, which are concerned.
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