Personio Layoffs

November 2024

Personio announced a layoff affecting 115 employees (6% of its workforce) in November 2024. The company operates in the HR sector.

People Affected

115

Percentage

Announced Date

Nov 7, 2024

About

Personio, a Munich-based HR tech unicorn, laid off 115 employees on November 7, 2024, affecting approximately 6% of its workforce. Founder and CEO Hanno Renner explained the decision in an open statement, citing that costs had grown disproportionately to revenue, necessitating significant savings. He described the layoffs as one of the toughest decisions of his career, taking full responsibility for the strategic missteps that led to this outcome. The company operates in the HR software industry and is considered a large-scale unicorn startup.