Klarna lays off more employees – PC-WORLD

Hans Christian Dirscherl

Update 9/26/2022:

Klarna lays off employees again. In a video message, Klarna is said to have informed its employees that further layoffs were necessary. The video message is said to have gone to around 500 employees. The affected departments include IT and recruiting.

Klarna is said to have confirmed the renewed layoffs to the Swedish media. Less than 100 employees are affected around the world. Klarna is said to have already offered severance payments to the first victims.

The first of those laid off are already looking for new jobs on LinkedIn. PC-WELT is aware of three LinkedIn postings by Klarna employees who have now been made redundant.

Update end, beginning of the original message from May 2022:

The online payment service provider Klarna is laying off ten percent of its 7,000 employees worldwide, according to Swedish media reports. Yesterday, the Swedish startup informed its employees about the massive job cuts in a recorded video message. The video message reached the employees at 4 p.m. German time.

You can find all the details about the layoffs at Klarna in this exclusive report from pcwelt.de:

PC WORLD exclusive: This is how Klarna fires its employees & there is so much severance pay

However, the employees specifically affected by the layoffs have not yet been informed, as PC-WELT learned from well-informed sources. Klarna will probably inform the affected employees in the next few days. Those affected should receive severance payments. Klarna employees are allowed to continue working in the home office for the rest of the week.

Possible reasons

According to Manager Magazin, rising inflation and the war in Ukraine have worsened the business climate. This is how the Klarna management justified the massive job cuts.

Manager Magazin goes on to say that Klarna would have problems with its next round of financing. The potential financiers would therefore demand a drastic valuation discount. Because Klarna is still deep in the red and wrote a loss of around 630 million euros in 2021.

According to a Financial Times report, Softbank, which has invested heavily in Klarna, has suffered a massive financial loss. Softbank therefore wants to reduce its investments. This could also affect Klarna’s further financing.

This is Klarna

Klarna is very popular as a payment service provider and is also used by other platforms such as eBay classifieds: eBay classifieds – purchase on account is now possible – this is how it works.

Ebay: Two new Klarna payment options

Klarna: 5 important changes you need to know

How Klarna works and what you should pay attention to

Klarna also attracts with comparatively high interest rates on fixed-term deposits: Klarna pays high fixed-term deposit interest in its own app.

However, there are always customer complaints about problems with Klarna:

Consumer protection criticism of Klarna: Many letters from readers,

This is how readers complain about Klarna: False claims, high reminder fees & debt collection

Problems with Klarna – you can do that