Klarna has announced to staff via a pre-recorded message that it will be reducing its global workforce by ten per cent citing more difficult trading conditions across its business.
It blamed a number of factors outside its control for the move. These include consumer uncertainty prompted by inflation and the war in Ukraine
CEO Sebastian Siemiatkowski said, in the employee communication, “We have seen a tragic and unnecessary war in Ukraine unfold, a shift in consumer sentiment, a steep increase in inflation, a highly volatile stock market and a likely recession – all of which have marked the beginning of a very tumultuous year.”
He added that the impact on the world was not expected to be temporary or short-lived.
Affected employees will be compensated in line with each country’s legal requirements, whilst all continuing employees have been asked to work from home this week.
Share