Sebastian Siemiatkowski, CEO of “buy now, pay later” financing company Klarna, has an explanation for stating that AI can replace “all” jobs — even his own. In a post on X on Sunday, Siemiatkowski laid out his thought process for saying that “AI can already do all our jobs,” a remark he said last month … Read more
Swedish fintech company Klarna has announced plans to introduce randomised drug testing for its employees as part of a wider effort to bolster workplace security. The move comes as the company prepares for its initial public offering (IPO) in the United States. According to Business Insider, Klarna informed employees of the new policy via an … Read more
Klarna’s CEO, Sebastian Siemiatkowski, has fully embraced artificial intelligence as a transformative force within the fintech company – influencing a major part of his company: the workforce. In a recent Bloomberg TV interview, he revealed that he decided to pause hiring a year ago and that it stemmed from AI’s ability to automate tasks previously … Read more
Nearly half of the employees currently working at “buy now, pay later” startup Klarna could be replaced by AI in the next few years. Klarna CEO Sebastian Siemiatkowski told The Financial Times last week that the company aims to almost halve its workforce within the next few years, from 3,800 people to 2,000. Instead of … Read more
A Swedish financial services firm specialising in direct payments, pay-after-delivery options, and instalment plans is preparing to reduce its workforce by nearly 50 per cent as artificial intelligence automation becomes more prevalent. Klarna, a buy-now, pay-later company, has reduced its workforce by over 1,000 employees in the past year, partially attributed to the increased use … Read more
Artificial intelligence has been a major player in transforming the retail landscape. A 2023 report by McKinsey found that in the retail and consumer package goods sectors, the prospective economic impact amounts to $400 billion to $600 billion a year. Additional analysis and estimates from McKinsey put generative AI contributing to $310 billion in additional … Read more
Klarna claims its AI-powered chatbot can now handle the workload previously managed by 700 full-time customer service agents. The statement comes two years after the $7 billion (£5.5 billion) “buy now, pay later” startup used by big brands like Versace, Nike, and Wayfair, laid off the same number of employees. In December, Klarna CEO Sebastian … Read more
