Klarna to lay off 10% of workforce

[MiryalgudaMaruthiRao]

Swedish payments giant Klarna announced Monday that it is laying off about 700 employees, or 10% of its workforce, citing Russia's war on Ukraine and inflation. The Stockholm-based company, best-known for its "buy now, pay later" service, reported operating losses of almost $690 million last year. Swedish financial newspaper Dagens Industri, which broke the news, said the tech startup is looking to raise up to $1 billion in a new financing round. Klarna has about 300 employees in six U.S. offices, including the headquarters in Columbus, Ohio.

[Beetbob123]

2 minutes ago, MiryalgudaMaruthiRao said:

Swedish payments giant Klarna announced Monday that it is laying off about 700 employees, or 10% of its workforce, citing Russia's war on Ukraine and inflation. The Stockholm-based company, best-known for its "buy now, pay later" service, reported operating losses of almost $690 million last year. Swedish financial newspaper Dagens Industri, which broke the news, said the tech startup is looking to raise up to $1 billion in a new financing round. Klarna has about 300 employees in six U.S. offices, including the headquarters in Columbus, Ohio.

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[MiryalgudaMaruthiRao]

9 minutes ago, Beetbob123 said:

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