Klarna freezes hiring, citing AI ‘productivity gains’

In a hiring freeze that CEO Sebastian Siemiatkowski attributes to the rise of AI, Swedish fintech unicorn Klarna is no longer recruiting staff beyond its engineering department. “There will be a shrinking of the company,” Siemiatkowski told the Telegraph. “We’re not currently hiring at all, apart from engineers.” The chief exec of the buy now, pay later app said that the productivity gains from using tools like ChatGPT meant the company now needs “fewer people to do the same thing.” Klarna is not planning layoffs. But as people depart voluntarily, the CEO said he expects the size of the company…

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