Internal restructuring
île de France; Paris;
Location of affected unit(s)
Information / Communication
Computer Programming, Consultancy And Related Activities
Computer Programming, Consultancy And Related Activities
62.02 - Computer consultancy activities

100 jobs
Number of planned job losses
Job loss
Announcement Date
1 March 2023
Employment effect (start)
1 March 2023
Foreseen end date
30 June 2023


Payfit, a French start-up specialised in the digitalisation and simplification of payroll and HR management for small and medium enterprises, has announced a European wide reorganisation with 200 job cuts, about 20% of its workforce, including about 100 job cuts in France. 

The management has implemented a Collective Dismissal Agreement for about a hundred people, including a large number of salespeople. This mechanism, introduced by the 2017 reform of the labour code, makes it possible to cut jobs on a voluntary basis without resorting to economic layoffs.

The management explains that it is offering 'a financial package' and help 'to find another job or to start a project'. This reduction in staff is not linked to a lack of cash, as the start-up raised €254 million in early 2022. But the company had structured itself with a view to hypergrowth. 'Now that our growth prospects are weaker,' explains the management, 'we have to adapt' and make the company sustainable.

A previous announcement has been recorded in the ERM database in January 2021 with 400 job creations by the end of 2022 (FR-Payfit-2021).



Eurofound (2023), Payfit, Internal restructuring in France, factsheet number 108638, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108638.