Faced with the storm, French Tech is slowing down

Not a day goes by without the announcement of a more or less extensive redundancy plan. Worried about their near future, American start-ups are cutting their workforces, without qualms. This tsunami of job cuts contrasts with the apparent calm that reigns on French Tech. In France, so far, everything is going well. For a bit, it even seems that the current crisis is sparing our start-ups. How can these differences between the two sides of the Atlantic be explained?

The first is both cultural and linked to the labor code. “In France, we do not lay off dozens of people with a snap of the fingers, the procedures are longer and more expensive to set upexplains Géraldine Le Meur, partner and co-founder of Fonds.vc. For years leaders have been tearing their hair out to find talent, not letting them go now.” However, they do not remain inactive. Current recruitment plans are drastically…