diff --git a/apps/api/v2/src/modules/billing/controllers/billing.controller.ts b/apps/api/v2/src/modules/billing/controllers/billing.controller.ts
index f348c18ec5..8ac55636ed 100644
--- a/apps/api/v2/src/modules/billing/controllers/billing.controller.ts
+++ b/apps/api/v2/src/modules/billing/controllers/billing.controller.ts
@@ -20,6 +20,7 @@ import {
   HttpCode,
   HttpStatus,
   Logger,
+  Delete,
 } from "@nestjs/common";
 import { ConfigService } from "@nestjs/config";
 import { ApiExcludeController } from "@nestjs/swagger";
@@ -96,6 +97,19 @@ export class BillingController {
     };
   }
 
+  @Delete("/:organizationId/unsubscribe")
+  @UseGuards(NextAuthGuard, OrganizationRolesGuard)
+  @MembershipRoles(["OWNER", "ADMIN"])
+  async cancelTeamSubscriptionInStripe(
+    @Param("organizationId") organizationId: number
+  ): Promise<ApiResponse> {
+    await this.billingService.cancelTeamSubscription(organizationId);
+
+    return {
+      status: "success",
+    };
+  }
+
   @Post("/webhook")
   @HttpCode(HttpStatus.OK)
   async stripeWebhook(
diff --git a/apps/api/v2/src/modules/billing/services/billing.service.ts b/apps/api/v2/src/modules/billing/services/billing.service.ts
index 56c12584c0..55812befbc 100644
--- a/apps/api/v2/src/modules/billing/services/billing.service.ts
+++ b/apps/api/v2/src/modules/billing/services/billing.service.ts
@@ -7,6 +7,7 @@ import { OrganizationsRepository } from "@/modules/organizations/index/organizat
 import { StripeService } from "@/modules/stripe/stripe.service";
 import { InjectQueue } from "@nestjs/bull";
 import {
+  BadRequestException,
   Injectable,
   InternalServerErrorException,
   Logger,
@@ -313,6 +314,28 @@ export class BillingService implements OnModuleDestroy {
     }
   }
 
+  async cancelTeamSubscription(teamId: number) {
+    const teamWithBilling = await this.teamsRepository.findByIdIncludeBilling(teamId);
+    const customerId = teamWithBilling?.platformBilling?.customerId;
+
+    if (!customerId) {
+      throw new NotFoundException("No customer id found for team in Stripe");
+    }
+
+    if (!teamWithBilling?.platformBilling || !teamWithBilling?.platformBilling.subscriptionId) {
+      throw new NotFoundException("Team plan not found");
+    }
+
+    try {
+      await this.stripeService
+        .getStripe()
+        .subscriptions.cancel(teamWithBilling?.platformBilling?.subscriptionId);
+    } catch (error) {
+      this.logger.log(error, "error while cancelling team subscription in stripe");
+      throw new BadRequestException("Failed to cancel team subscription");
+    }
+  }
+
   async onModuleDestroy() {
     try {
       await this.billingQueue.close();
diff --git a/apps/web/lib/hooks/settings/platform/billing/useUnsubscribeTeamToStripe.ts b/apps/web/lib/hooks/settings/platform/billing/useUnsubscribeTeamToStripe.ts
new file mode 100644
index 0000000000..71c8c98c93
--- /dev/null
+++ b/apps/web/lib/hooks/settings/platform/billing/useUnsubscribeTeamToStripe.ts
@@ -0,0 +1,36 @@
+import { useMutation } from "@tanstack/react-query";
+
+import { SUCCESS_STATUS } from "@calcom/platform-constants";
+import type { ApiResponse } from "@calcom/platform-types";
+
+export const useUnsubscribeTeamToStripe = (
+  { onSuccess, onError, teamId }: { teamId?: number | null; onSuccess: () => void; onError: () => void } = {
+    onSuccess: () => {
+      return;
+    },
+    onError: () => {
+      return;
+    },
+  }
+) => {
+  const mutation = useMutation<ApiResponse, unknown>({
+    mutationFn: (data) => {
+      return fetch(`/api/v2/billing/${teamId}/unsubscribe`, {
+        method: "delete",
+        headers: { "Content-type": "application/json" },
+      }).then((res) => res?.json());
+    },
+    onSuccess: (data) => {
+      if (data.status === SUCCESS_STATUS) {
+        onSuccess?.();
+      } else {
+        onError?.();
+      }
+    },
+    onError: () => {
+      onError?.();
+    },
+  });
+
+  return mutation;
+};
diff --git a/apps/web/modules/settings/platform/billing/billing-view.tsx b/apps/web/modules/settings/platform/billing/billing-view.tsx
index 951a7e8e26..4eef149b56 100644
--- a/apps/web/modules/settings/platform/billing/billing-view.tsx
+++ b/apps/web/modules/settings/platform/billing/billing-view.tsx
@@ -2,12 +2,17 @@
 
 import { usePathname } from "next/navigation";
 
+import { Dialog } from "@calcom/features/components/controlled-dialog";
 import Shell from "@calcom/features/shell/Shell";
 import { WEBAPP_URL } from "@calcom/lib/constants";
 import { useLocale } from "@calcom/lib/hooks/useLocale";
 import { Button } from "@calcom/ui/components/button";
+import { DialogTrigger, ConfirmationDialogContent } from "@calcom/ui/components/dialog";
+import { showToast } from "@calcom/ui/components/toast";
 import { PlatformPricing } from "@calcom/web/components/settings/platform/pricing/platform-pricing/index";
 
+import { useUnsubscribeTeamToStripe } from "@lib/hooks/settings/platform/billing/useUnsubscribeTeamToStripe";
+
 import NoPlatformPlan from "@components/settings/platform/dashboard/NoPlatformPlan";
 import { useGetUserAttributes } from "@components/settings/platform/hooks/useGetUserAttributes";
 
@@ -37,6 +42,18 @@ export default function PlatformBillingUpgrade() {
   const { isUserLoading, isUserBillingDataLoading, isPlatformUser, userBillingData, isPaidUser, userOrgId } =
     useGetUserAttributes();
 
+  const { mutateAsync: removeTeamSubscription, isPending: isRemoveTeamSubscriptionLoading } =
+    useUnsubscribeTeamToStripe({
+      onSuccess: () => {
+        window.location.href = "/settings/platform/";
+        showToast(t("team_subscription_cancelled_successfully"), "success");
+      },
+      onError: () => {
+        showToast(t("team_subscription_cancellation_error"), "error");
+      },
+      teamId: userOrgId,
+    });
+
   if (isUserLoading || (isUserBillingDataLoading && !userBillingData)) {
     return <div className="m-5">{t("loading")}</div>;
   }
@@ -92,6 +109,18 @@ export default function PlatformBillingUpgrade() {
 
             <hr className="border-subtle" />
 
+            <CtaRow title="Cancel subscription" description={t("Cancel your existing platform subscription")}>
+              <CancelSubscriptionButton
+                buttonClassName="hidden me-2 sm:inline"
+                isPending={isRemoveTeamSubscriptionLoading}
+                handleDelete={() => {
+                  removeTeamSubscription();
+                }}
+              />
+            </CtaRow>
+
+            <hr className="border-subtle" />
+
             <CtaRow title={t("need_anything_else")} description={t("further_billing_help")}>
               <Button color="secondary" onClick={onContactSupportClick}>
                 {t("contact_support")}
@@ -103,3 +132,41 @@ export default function PlatformBillingUpgrade() {
     </div>
   );
 }
+
+const CancelSubscriptionButton = ({
+  buttonClassName,
+  isPending,
+  onDeleteConfirmed,
+  handleDelete,
+}: {
+  onDeleteConfirmed?: () => void;
+  buttonClassName: string;
+  handleDelete: () => void;
+  isPending: boolean;
+}) => {
+  const { t } = useLocale();
+
+  return (
+    <Dialog>
+      <DialogTrigger asChild>
+        <Button color="destructive" className={buttonClassName}>
+          {t("cancel")}
+        </Button>
+      </DialogTrigger>
+
+      <ConfirmationDialogContent
+        isPending={isPending}
+        variety="danger"
+        title={t("cancel_subscription")}
+        confirmBtnText={t("confirm_subscription_cancellation")}
+        loadingText={t("confirm_subscription_cancellation")}
+        cancelBtnText={t("back")}
+        onConfirm={() => {
+          handleDelete();
+          onDeleteConfirmed?.();
+        }}>
+        {t("cancel_subscription_description")}
+      </ConfirmationDialogContent>
+    </Dialog>
+  );
+};
diff --git a/apps/web/public/static/locales/en/common.json b/apps/web/public/static/locales/en/common.json
index 32cc1fee5e..27f6b51fb9 100644
--- a/apps/web/public/static/locales/en/common.json
+++ b/apps/web/public/static/locales/en/common.json
@@ -725,6 +725,9 @@
   "remove_member_confirmation_message": "Are you sure you want to remove this member from the team?",
   "confirm_disband_team": "Yes, disband team",
   "confirm_remove_member": "Yes, remove member",
+  "confirm_subscription_cancellation": "Yes, cancel subscription",
+  "cancel_subscription": "Cancel subscription",
+  "cancel_subscription_description": "Cancelling your subscription will permanently deactivate your current plan. This action cannot be undone.",
   "remove_member": "Remove member",
   "manage_your_team": "Manage your team",
   "no_teams": "You don't have any teams yet.",
@@ -2681,6 +2684,8 @@
   "proceeding_agreement": "By proceeding, you agree to our",
   "terms": "Terms",
   "always_show_x_days": "Always {{x}} days available",
+  "team_subscription_cancelled_successfully": "Team subscription cancelled successfully",
+  "team_subscription_cancellation_error": "Error while cancelling the team subscription",
   "unable_to_subscribe_to_the_platform": "An error occurred while trying to subscribe to the platform plan, please try again later",
   "updating_oauth_client_error": "An error occurred while updating the OAuth client, please try again later",
   "creating_oauth_client_error": "An error occurred while creating the OAuth client, please try again later",