Chrono24 Layoffs
Industry Retail · Location Karlsruhe · Germany · Subscribe (RSS)
Chrono24 has 3 publicly reported layoff rounds on record between December 8, 2022 and January 16, 2025. A total of about 255 employees were affected across these rounds.
Layoff history
Luxury watch marketplace Chrono24 announced on January 15, 2025 that it was cutting around 110 positions, approximately 24% of its workforce, as part of a broad reorganization under CEO Carsten Keller, who joined in 2024. The Karlsruhe-based company said the reduction spanned various departments and all levels of seniority, with the goal of streamlining decision-making and sharpening focus on strategic growth. After the cuts, the company expected to employ around 350 people across its offices in Europe, the United States, and Asia. All affected employees were offered severance packages, though specific terms were not disclosed. The backdrop was a difficult period for the pre-owned watch market, where prices had fallen nearly 30% between 2023 and 2024, even as Chrono24 reported being profitable for the full year 2024.
Reason: Organizational restructuring amid declining pre-owned watch market prices
Source: usa.watchpro.com
Chrono24 disclosed a workforce reduction affecting its Karlsruhe operations in January 30, 2023. Approximately 65 roles were eliminated.
Source: bloomberg.com
Chrono24 disclosed a workforce reduction affecting its Karlsruhe operations in December 8, 2022. Approximately 80 roles were eliminated.
Source: tag24.de
Data for Chrono24 is compiled from public WARN Act filings and reporting linked above. See our methodology.