Chrono24 Laying off 13% of Employees

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logan2z
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Chrono24 Laying off 13% of Employees

Post by logan2z » Mon Feb 06, 2023 8:00 am

Due to falling pre-owned watch prices...

https://robbreport.com/style/watch-coll ... 234802168/

ezcheese
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Re: Chrono24 Laying off 13% of Employees

Post by ezcheese » Mon Feb 06, 2023 8:12 am

I had no idea they were that big. :shock: 13% of their workforce is 65 people...
¯\_(ツ)_/¯

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logan2z
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Re: Chrono24 Laying off 13% of Employees

Post by logan2z » Mon Feb 06, 2023 10:30 am

ezcheese wrote:
Mon Feb 06, 2023 8:12 am
I had no idea they were that big. :shock:
Me neither. But this was the most surprising part of the article for me:
The Patek Philippe Nautilus 5711 with a blue dial has fallen 35 percent to roughly $103,000 (£84,000), while the Audemars Piguet Royal Oak with a blue dial decreased by 29 percent to about $70,000 (£57,000)
Fallen to $103K and $70K? :shock:

The watch world has gone completely bonkers.

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Re: Chrono24 Laying off 13% of Employees

Post by ezcheese » Mon Feb 06, 2023 10:32 am

Lmao so true
¯\_(ツ)_/¯

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CGSshorty
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Re: Chrono24 Laying off 13% of Employees

Post by CGSshorty » Mon Feb 06, 2023 6:33 pm

Why does a company like that need so many employees?
"It's such a fine line between stupid, and clever."
David St. Hubbins

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logan2z
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Re: Chrono24 Laying off 13% of Employees

Post by logan2z » Mon Feb 06, 2023 7:05 pm

CGSshorty wrote:
Mon Feb 06, 2023 6:33 pm
Why does a company like that need so many employees?
Apparently it doesn't :)

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amckiwi
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Re: Chrono24 Laying off 13% of Employees

Post by amckiwi » Mon Feb 06, 2023 7:12 pm

Without this knowledge if asked how many employees they would have I would have said 10-20

ezcheese
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Re: Chrono24 Laying off 13% of Employees

Post by ezcheese » Tue Feb 07, 2023 6:47 am

I had no idea of the volume of transactions they have worked up to. Pretty crazy
¯\_(ツ)_/¯

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Re: Chrono24 Laying off 13% of Employees

Post by Bob1035 » Tue Feb 07, 2023 6:54 am

I thought Chrono24 was just an aggregator, like Watchrecon? Didn't realize they had that big of a staff.

In similar news, Carvana is having a big sale! :lol:

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