Karlsruhe / Germany, 15 January 2025 – Chrono24 today informed all employees about a new organizational and management structure.
Chrono24 aims to expand its position as the world’s leading online marketplace for luxury watches, consciously invest into long-term and sustainable growth thus securing the future success of Chrono24.
The changes will streamline decision-making, improve collaboration across the entire company and sharpen the focus on strategic priorities.
This reorganization also includes a workforce reduction of around 110 employees across various departments and all hierarchy levels. All affected employees receive comprehensive severance package offers.
Following the reorganization, Chrono24 will employ around 350 people at its locations in Europe, the USA and Asia. The company was clearly profitable in 2024.
About Chrono24
- “Chrono24 – The World’s Watch Market” is the leading global online marketplace for luxury watches.
- With around 3,000 dealers and 45,000 private sellers in more than 120 countries, the platform attracts more than 9 million unique users per month.
- Around 540,000 watches are currently listed on Chrono24, including around 100,000 Rolexes. The estimated total value of all watches listed on Chrono24 is more than 6 billion euros.
- Chrono24 offers a comprehensive portfolio of services that support transactions for new, pre-owned and vintage watches in a secure and trusted environment.