Pleo Layoffs
Industry Finance · Location Copenhagen · Denmark · Subscribe (RSS)
Pleo has 2 publicly reported layoff rounds on record between November 3, 2022 and November 19, 2025. A total of about 250 employees were affected across these rounds.
Layoff history
Pleo laid off around 100 employees, about 12% of its 800-plus workforce, during September and October 2025 as the Copenhagen-based expense management company overhauled its go-to-market strategy. The cuts fell hardest on the commercial division, including senior leadership roles, and on SMB client-facing teams, with the UK office particularly affected. In a statement, Pleo said it was "making changes to our go-to-market strategy as we seek to take advantage of the enormous opportunity we see in key markets across Europe," adding that the restructuring would let the business "accelerate its growth through investment in our product offering and go-to-market technology." The company had raised more than $430 million at a peak valuation of $4.7 billion, though Kinnevik later wrote its stake down to roughly $1.62 billion. Revenue grew 37% year over year in 2024. No severance details were disclosed.
Reason: Go-to-market strategy overhaul
Source: tech.eu
Pleo disclosed a workforce reduction affecting its Copenhagen operations in November 3, 2022. Approximately 150 roles were eliminated.
Source: finextra.com
Data for Pleo is compiled from public WARN Act filings and reporting linked above. See our methodology.