Buy now, pay later firm Klarna announces new job cuts


Swedish fintech firm Klarna has announced a fresh round of job cuts.

Weeks earlier, Klarna’s CEO, Sebastian Siemiatkowski, had said job cuts were over.

The buy-now, pay-later (BNPL) pioneer’s plans to cut more staff were announced by chief operating and expansion officer, Camilla Giesecke, in a video broadcast on Monday afternoon.

In May, the firm laid off around 700 staff, about 10% of its workforce at the time.

The latests cuts are set to affect around 100 employees globally.

Once Europe’s most valuable fintech, Klarna’s valuation plunged 85% from about $45 million in 2021 to $6.7 billion in July when it announced it had raised $800 million in common equity.

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