Klarna Replaces Workers With AI With Hiring Freeze, Pay Bump

Klarna Replaces Workers With AI With Hiring Freeze, Pay Bump

A year ago, the “buy now, pay later” financing company Klarna stopped hiring new employees. Now Klarna is incentivizing its remaining employees to stay, and work harder, by promising higher pay related to AI improvements. “By not hiring, we’re simply shrinking,” Klarna CEO Sebastian Siemiatkowski explained in an interview with Bloomberg on Thursday. 1,000 people…

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