Pleo

Danish spend management startup Pleo has laid off approximately 100 employees, representing a small percentage of its total workforce, as part of a restructuring effort tied to changes in how it launches new products and services. The job cuts, which occurred across September and October 2025, primarily affected commercial teams, including leadership roles, and staff working with small and medium-sized business clients, with the UK division among those impacted. Operating in the European fintech sector, Pleo is adjusting its strategy to streamline operations amid evolving market conditions.

Pleo laid off 150 employees representing approximately 15% of its workforce on 2022-11-03.