Pleo makes layoffs following changes to its go-to-market strategy The Danish spend management startup has confirmed job cuts affecting teams across commercial roles and SMB support, following strategic shifts introduced earlier this year. Sources say the reductions took place in September and October, with up to 100 employees impacted across several European markets, including the UK. Pleo says the decision, while difficult, aims to refocus investment in product development and go-to-market technology as it targets new growth opportunities. The company, founded in 2015 and used by over 40,000 businesses, previously made cuts in 2022 and has faced a valuation adjustment this year despite continued revenue growth. Source/More info: https://lnkd.in/gS6HMb4Q This and more updates in the newsletter. Sign up here: https://lnkd.in/dX8KX2Xa Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story. Next! [ 𝗹𝗶𝗸𝗲 ]
