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Pleo lays off 50 employees in latest round of cuts

Expense management fintech Cleo has laid off around 50 of its staff.

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sifted.euStai leggendo1 mese fa

Pleo lays off 50 employees in latest round of cuts

Expense management fintech Cleo has laid off around 50 of its staff.

originale

tech.eu1 mese fa

Pleo undertakes fresh round of job cuts, around 50 laid off

Pleo laid off 50 engineers/product staff (second wave after 100 cuts last year). Valuation $4.7B→$1.62B drop signals European fintech margin squeeze: tech leaders should expect automation investment to offset headcount reduction across spend-management SaaS.

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Timeline cronologica

venerdì 12 giugno 2026·thenextweb.com
Pleo layoffs follow its finance AI agent launch by a day
The day after Pleo launched AI agents for finance teams, news broke of fresh Pleo layoffs: 50 staff, mostly engineering and data, as its valuation slid.
venerdì 12 giugno 2026·tech.eu
Pleo undertakes fresh round of job cuts, around 50 laid off
Those impacted by the cuts held engineering and data roles.

Pleo lays off 50 employees in latest round of cuts

Pleo undertakes fresh round of job cuts, around 50 laid off

Timeline cronologica

Pleo layoffs follow its finance AI agent launch by a day

Pleo undertakes fresh round of job cuts, around 50 laid off

Pleo layoffs follow its finance AI agent launch by a day

Pleo lays off 50 employees in latest round of cuts