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.
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