On 11 June, Pleo told finance teams that AI agents would soon free them from administrative work. The next day came the Pleo layoffs: the Danish spend-management fintech had cut around 50 of its own staff, most of them in engineering and data.
The product launch came first.
Pleo unveiled a suite of “agentic” AI, software agents that, the company says, autonomously handle expense-policy checks, invoices, treasury monitoring and bookkeeping, escalating only the cases that need a human. “Agentic AI gives finance leaders a clear path to free themselves from administrative tasks,” chief executive and co-founder Jeppe Rindom said. A beta is due in July.
The cuts surfaced a day later.
Reported first by tech.eu, they fell on Pleo’s “Offering” teams, which span product, technology, design and data and employed roughly 300 people beforehand. Staff in Denmark, the UK and Germany were affected, some at senior level.
