Klarna CEO Sebastian Siemiatkowski is betting so big on AI that he’s instituted a hiring freeze.
“There will be a shrinking of the company,” said Siemiatkowski per The Telegraph. “We’re not currently hiring at all, apart from engineers.” Last May, 10 percent of the fintech company’s staff was laid off during a period of economic downturn for the tech industry.
This time, however, Klarna isn’t planning any layoffs. Instead, it is refraining from active recruitment with the expectation that AI can now handle many tasks that were previously performed by humans
Dispatches From The Front 