{"id":75262,"date":"2025-10-12T06:13:18","date_gmt":"2025-10-12T06:13:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/75262\/"},"modified":"2025-10-12T06:13:18","modified_gmt":"2025-10-12T06:13:18","slug":"klarna-boss-says-ai-has-let-it-cut-workforce-in-half","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/75262\/","title":{"rendered":"Klarna boss says AI has let it cut workforce in half"},"content":{"rendered":"<p>The boss of Klarna has said artificial intelligence (AI) has allowed it to cut its workforce in half and stop hiring, as he predicted the technology will spell the end to \u201cexcessive profits\u201d in the banking industry.<\/p>\n<p>Sebastian Siemiatkowski, co-founder and chief executive of the buy now, pay later giant, said he was trying to be more \u201chonest\u201d on the topic than others in his position.<\/p>\n<p>Speaking in an interview to Bloomberg Television, the boss said: \u201cI feel there is a massive shift coming to knowledge work \u2013 and it\u2019s not just in banking, it\u2019s in society at large.\u201d<\/p>\n<p>\u201cI think society is going to have to figure out what are we going to do,\u201d he said, adding that while jobs will be created in the future, there will be a short-term impact on roles like translators which he said can largely be done by AI.<\/p>\n<p>Mr Siemiatkowski said Klarna had shrunk its workforce from 7,400 people to about 3,000, while at the same time growing revenues and customers.<\/p>\n<p>    Overall, it is good for society, it means less excess profits in what has been not as well-functioning markets as they could have been<\/p>\n<p>            Sebastian Siemiatkowski, Klarna<\/p>\n<p>\u201cSo, we\u2019re simply not recruiting, which means that we\u00a0can avoid doing lay-offs,\u201d he told the news channel.<\/p>\n<p>\u201cWe have taken a lot of the savings from the payroll costs and reinvested that into the acceleration of the compensation of our employees, which means they are seeing a huge benefit of our supplying AI internally.\u201d<\/p>\n<p>Mr Siemiatkowski stressed he still sees \u201cconcerns for society\u201d about the adoption of the technology, particularly in the hands of non-democratic countries.<\/p>\n<p><a class=\"not-prose no-underline\" data-action=\"click\" data-category=\"Read more article clicked\" data-label=\"https:\/\/www.breakingnews.ie\/ireland\/boys-using-ai-girlfriends-to-design-a-personal-porn-partner-conference-hears-1817447.html\" data-value=\"1\" href=\"https:\/\/www.breakingnews.ie\/ireland\/boys-using-ai-girlfriends-to-design-a-personal-porn-partner-conference-hears-1817447.html\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p>        <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/10\/gettyimages-1457146770-e1678110995755.jpg\" class=\"rounded-sm object-contain bg-transparent z-10 w-full h-full not-prose\" alt=\"Boys Using 'Ai Girlfriends' To Create Porn Partners\" width=\"278\" height=\"156\" \/><\/p>\n<p>        Ireland<\/p>\n<p>Boys using &#8216;AI girlfriends&#8217; to create porn partners<\/p>\n<p><\/a><\/p>\n<p>But he added: \u201cOverall, it is good for society, it means less excess profits in what has been not as well-functioning markets as they could have been.\u201d<\/p>\n<p>Klarna launched its shares on the New York Stock Exchange last month in what was one of the biggest flotations to occur this year.<\/p>\n<p>The 20-year-old business says it is used by some 111 million customers globally, with its flexible payment options offered by retailers at checkouts, including Ticketmaster and Booking.com.<\/p>\n","protected":false},"excerpt":{"rendered":"The boss of Klarna has said artificial intelligence (AI) has allowed it to cut its workforce in half&hellip;\n","protected":false},"author":2,"featured_media":75263,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,61,60,80],"class_list":["post-75262","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ie","tag-ireland","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/75262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=75262"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/75262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/75263"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=75262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=75262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=75262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}