The boss of Klarna has said artificial intelligence (AI) has allowed him to cut his workforce in half and halt hiring.
Sebastian Siemiatkowski (pictured with wife, Nina) – co-founder and chief executive of the buy-now, pay-later business – said he was trying to be more ‘honest’ on the topic.
Being ‘honest’: Sebastian Siemiatkowski (pictured with wife, Nina) said artificial intelligence has allowed him to cut his workforce in half and halt hiring
He revealed Klarna had shrunk its workforce from 7,400 to about 3,000 while still growing revenues and customers.
‘So, we’re simply not recruiting, which means that we can avoid lay-offs,’ he said.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
#helps #cut #staff #Klarna #boss #Sebastian #Siemiatkowski
