• Klarna's CEO used a pre-recorded video message to tell employees around 700 of them were being laid off

    1 month ago - By Business Insider

    Klarna's valuation has slumped by about one-third since mid-2021. Shutterstock
    Klarna, a "buy now, pay later" fintech, said Monday it will lay off 10% of its employees.
    CEO Sebastian Siemiatkowski used a pre-recorded video message to break the news to staff.
    Several prominent tech firms, including Robinhood and Netflix, have recently announced layoffs.
    The CEO of Klarna used a pre-recorded video message to inform employees that around 700 of them were being laid off. Sebastian Siemiatkowski cited "a tragic and unnecessary war in Ukraine, a shift in consumer sentiment, a steep increase in...
    Read more ...