Pleo, the spend management fintech, has undergone a fresh round of job cuts, with around 50 staff understood to be laid off. The latest cuts follow Pleo laying off around 100 workers last year.
The latest job cuts, which took place last week, were across Pleo's "Offering" teams, which span product, tech, design and data roles. The majority of those impacted held engineering and data roles, including some at senior level, sources say.
It is understood around 300 people worked across Pleo's "Offering" teams before the cuts. Staff in Pleo’s home market of Denmark, the UK, and Germany were impacted by the cuts, sources say.
Pleo said the changes would “strengthen focus” and “simplify decision-making”.
A spokesperson for Pleo said: “Pleo has been undergoing significant transformation over the past year to ensure we continue our growth journey as a leader in spend management in Europe.
