Buy now, pay later firm Klara cuts more staff, the latest cuts follow a 10% reduction in May and a major down round in July.
The Swedish firm previously cut 10% of its staff in May and its CEO told Bloomberg recently that cuts were done.
Klarna, a Swedish fintech offering credit to people shopping online, has announced a fresh round of job cuts just weeks after its CEO had said cost cutting via job losses was over.SvD first reported. The cuts were announced by chief operating and expansion officer, Camilla Giesecke, in a video broadcast on Monday afternoon — which was later circulated on the company's intranet.
Per a statement shared with The Block a company spokesperson said that following appointment of a new COO in the summer it is"natural that a new manager makes changes, which is what is happening now." The statement also noted the latest"adjustments" were smaller than the changes made in May, which it attributed to"the turbulent environment."
In May, the firm laid off around 700 staff, about 10% of its workforce at the time. CEO Sebastian Siemiatkowski recently told Bloomberg the firm was
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