Columbus, Ohio-based Klarna, a Swedish fintech company that provides online financial services such as payments for online storefronts and direct payments along with post-purchase "buy-now-pay-later" payments, has announced a 10% worldwide reduction in force.
The reduction will impact 700 employees with terminations starting immediately.
According to a Klarna spokesperson, “When we set our business plans for 2022 in the autumn of last year, it was a very different world than the one we are in today. While crucial to stay calm in stormy weather, it’s also crucial not to turn a blind eye to reality."
“That is why we need to act. More than ever, we need to show laser focus on what really makes us successful in the future. Based on this, the senior leadership at Klarna has made some tough decisions. Some of the toughest we’ve ever had to take. Together, we have re-evaluated the organization to ensure that we can continue to deliver on our ambitious goals."
“We have done this evaluation based on two things. We have the right team that focuses on the right things. And we have the right people in the right place.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?