Organizational changes at Personio

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2024-11-07 13:00:06

These changes apply to several departments across the company and unfortunately also include reducing the size of our team by approximately 115 people which represents 6% of our employees. If you are among those directly impacted, you will have received a calendar invite today titled “Changes at Personio”. I know this is difficult news. I take full accountability for the decisions that got us to this stage and I want to share how we got here. This will be a lengthy message but it is important to me to give you as much context as possible.

Over the past few years, we have made great progress towards delivering on our mission to “Unlock the Power of People for Organizations around the World”. We launched Personio Payroll after years of development, we now offer 8 native apps to our customers, we have successfully entered into new segments like personio.org and mid-market, we have expanded across multiple geographies and we have evolved our positioning to clearly communicate our message to the market. We have also experienced exceptional revenue growth during this period, growing at rates that are at the very top of the range for companies our stage and size.

In recent years, we based our investment decisions on the expectation that those levels of exceptional growth would continue. We also reinforced this expectation by adding new growth levers through our Delivery Pillars. When we look at actual growth rates for the past 12-18 months we are still growing at strong rates, however, they are lower than the levels we had anticipated. This is due to: