Klarna: AI lets us cut thousands of jobs – but pay more

By 2024-08-28Science & Tech

The buy now, pay later firm Klarna is seeking to get rid of almost half its employees in the coming years through efficiencies it says arise out of its investment in artificial intelligence (AI).

The firm has already cut its workforce from 5,000 to 3,800 in the past year, and wants to reduce that to 2,000 employees by using AI in marketing and customer service.

Boss Sebastian Siemiatkowski told the BBC the job cuts would mean Klarna could pay its remaining workers more.

But he said the government needed to think about what to do about AI ... Read even more

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