Danish fintech startup Pleo to lay off 150 employees

Danish fintech startup Pleo will fire 150 employees. "We're no longer operating under 'growth first' mandate but rather a reality of 'growth through focus and efficiency'...what got us here, is not what will get us there," CEO Jeppe Rindom said. In 2021, Pleo raised $350 million and reached a $4.7 billion valuation, becoming one of Europe's most valued fintech firms.