“Buy now, pay later”: The Swedish payment service provider’s business is no longer doing so well. Ten percent of the jobs are to be eliminated.
(Photo: © 2021 Bloomberg Finance LP)
Dusseldorf “They hire without proper planning and then throw employees away like garbage,” complains a Klarna employee in the messenger service Telegram. A colleague replies that he only started working for the Swedish payment service provider a few days ago and now that he has to expect an offer to terminate the contract is a shock.
Klarna boss Sebastian Siemiatkowski announced by video last week that he would have to part with around ten percent of his around 7,000 “colleagues and friends” from various areas of the company. It was initially unclear who exactly would be affected by the job cuts at Europe’s most valuable start-up. This condition, in turn, forced another person affected to comment on Telegram: “My heart stops every time I receive an email.”
In the meantime, CEO Siemiatkowski has published a list of the names of those employees on Linked-In who have accepted his offer of termination.
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