Klarna to Lay Off Half of Its Workforce as It Advances AI
What's Happening
Klarna, a Swedish buy-now, pay-later company, is planning to lay off half of its workforce as it shifts its focus towards artificial intelligence (AI).
No Impact in Portugal
Klarna has confirmed that the layoffs will not affect its operations in Portugal, where it currently employs around 400 people.
Why the Layoffs?
- Streamlining Operations: Klarna aims to simplify its business and focus on core areas, including AI-driven lending and personalized shopping experiences.
- Cost-Cutting: The layoffs are part of a broader cost-cutting strategy to improve profitability.
Impact on the Industry
The layoffs at Klarna reflect the growing trend of tech companies embracing AI and automation to improve efficiency and reduce costs.
Comments