Not a day goes by without the announcement of a more or less extensive program of layoffs. Worried about their immediate future, American start-ups are cutting their workforce without hesitation. This tsunami of job cuts contrasts with the apparent calm prevailing in French engineering. So far, everything is going well in France. It even seems that the current crisis is sparing our start-up companies. How can these differences between the two sides of the Atlantic be explained?
The first is both cultural and labor code-related. “In France, we don’t fire dozens of people with a snap of our fingers, the procedures are longer and more expensive.explains Géraldine Le Meur, partner and co-founder of Fonds.vc. For years managers have been tearing their hair out to find talent, now not letting them go“. However, they do not remain inactive. Current recruiting programs are steep…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.