Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Overview of the Singapore Fintech Market Size by 2025: Shares, Trends, and Growth Prospects

October 22, 2025

Sutter Health Enhances Breast Cancer Screening with Artificial Intelligence

October 22, 2025

Almost half of young Australians seek financial guidance from AI.

October 22, 2025

Will AI Replace Jobs in Banking? OpenAI Initiates Project Mercury for Automating Entry-Level Tasks

October 22, 2025
Facebook X (Twitter) Instagram
Trending
  • Overview of the Singapore Fintech Market Size by 2025: Shares, Trends, and Growth Prospects
  • Sutter Health Enhances Breast Cancer Screening with Artificial Intelligence
  • Almost half of young Australians seek financial guidance from AI.
  • Will AI Replace Jobs in Banking? OpenAI Initiates Project Mercury for Automating Entry-Level Tasks
  • MobileMoney Ltd Fintech Stakeholder Forum outlines future directions for regulating digital credit and assets
  • Issues Facing PB Fintech: A Look at Stock Market Predictions
  • Financial Institutions Caution Against an AI Bubble
  • OpenAI Hires 100 Former Investment Bankers to Train AI in Financial Modeling
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    OpenAI Hires 100 Former Investment Bankers to Train AI in Financial Modeling

    October 21, 2025

    B2B fintech Yaspa leverages its new regional brand to enter the U.S. market.

    October 16, 2025

    Fintech Employment Boom Stimulates Financial Job Market in London

    October 15, 2025

    European small and medium-sized enterprises face risks while developing AI strategies on unstable digital groundwork, reveals recent Qonto survey.

    October 10, 2025

    PM Modi invites international investors to be part of India’s growth narrative at the Global Fintech Fest.

    October 9, 2025
  • AI

    Sutter Health Enhances Breast Cancer Screening with Artificial Intelligence

    October 22, 2025

    Almost half of young Australians seek financial guidance from AI.

    October 22, 2025

    Will AI Replace Jobs in Banking? OpenAI Initiates Project Mercury for Automating Entry-Level Tasks

    October 22, 2025

    Financial Institutions Caution Against an AI Bubble

    October 22, 2025

    OpenAI Hires 100 Former Investment Bankers to Train AI in Financial Modeling

    October 21, 2025
  • Acquisitions

    Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

    September 11, 2025

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025

    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

    September 2, 2025

    Dentons guides PEAC Solutions in acquiring Fintech Topi

    August 29, 2025

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025
  • Trends

    Overview of the Singapore Fintech Market Size by 2025: Shares, Trends, and Growth Prospects

    October 22, 2025

    Vietnam Fintech Market Overview: Trends, Growth Potential, and Future Directions

    October 8, 2025

    Industry size projected to reach 550.9 billion USD

    October 3, 2025

    Germany’s Fintech Market Expected to Reach 29.25 Billion USD by 2030

    October 3, 2025

    Expansion of the Blockchain and Fintech Sectors in Tokenization

    September 30, 2025
  • Insights

    Issues Facing PB Fintech: A Look at Stock Market Predictions

    October 22, 2025

    The upcoming frontier in managing personal wealth

    October 17, 2025

    India spearheads the fintech revolution with 87% of payments being digital.

    October 16, 2025

    Finance Minister Sitharaman inaugurates foreign currency settlement system in Gift City.

    October 7, 2025

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025
  • Rumors

    Is Coinbase exploring a BVNK acquisition to enhance its stablecoin growth?

    October 14, 2025

    Japanese Digital Finance Firm Experiences Rapid Expansion

    October 11, 2025

    American regulators dismiss rumors of a dry CFTC merger, aiming to eliminate fear, uncertainty, and doubt in the cryptocurrency space.

    October 5, 2025

    Insights on OKX Communication Strategies for the Future of BTC Futures

    October 3, 2025

    Has the Texas Senate authorized the XRP reserve bill for purchasing $100 million in XRP annually?

    October 1, 2025
  • Startups

    Fintech encounters strong rivalry as investment in energy startups rises

    October 21, 2025

    Fundamento, an Agentic AI platform, secures $1.9 million in funding, led by IIFL Fintech Fund and additional investors.

    October 19, 2025

    Leading 7 FinTech Startups in China for 2025

    October 18, 2025

    Decentro Launches Omniscore at the 2025 Global Fintech Festival

    October 17, 2025

    Fintech Startup Introduces AI Tool to Identify Gold Fraud in Financial Institutions

    October 17, 2025
  • finjobsly
fintechbits
Home » Swedish fintech company stopped all hiring since last year and replaced its employees with AI
Jobs Market News

Swedish fintech company stopped all hiring since last year and replaced its employees with AI

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
8t040m4o Klarna 625x300 13 December 24.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Klarna Group CEO Sebastian Siemiatkowski said his company was able to stop hiring a year ago thanks to its investments in artificial intelligence that does the work of hundreds of the company’s employees.

The buy now, pay later financing provider saw its workforce drop 22% to 3,500 during that period, mainly due to attrition, Siemiatkowski said in an interview on Bloomberg Television in New York on Thursday. The company now has about 200 people using AI for their primary jobs, he said.

Siemiatkowski said that even though total payroll was shrinking, he was able to convince employees to participate in this change by promising them that they would see a share of the productivity gains they received from AI in their pay.

“People internally at Klarna are mobilizing to deploy as much effective AI as possible,” he said. “We will deliver some of the efficiency improvements that AI brings by increasing the rate of salary increases for our employees.”

Klarna said earlier this year that its AI assistant, powered by OpenAI, was doing the work of 700 full-time customer service agents. In its latest results, the company used an AI-generated version of Siemiatkowski to present the results, which the CEO said it did to prove that AI could eventually replace all jobs.

Investors are closely watching the results of Klarna, which confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission for an IPO last month. The company cut costs and nearly broke even in the first nine months of the year.

Analysts have estimated the company’s value to be around $14.6 billion in recent weeks. That’s an improvement over the $6.7 billion price tag it raised in its last fundraising round in 2022, but it’s still a far cry from the $45.6 billion it raised. received in 2021 at the height of the fintech boom.

Klarna, which has 85 million customers worldwide, is expanding rapidly in the United States and would eventually like to become a bank in the country, the same way it operates in Europe, Siemiatkowski said. He said the company would accept new President Donald Trump’s offer to invest $1 billion in the United States in exchange for an expedited licensing process.

“Klarna is a bank in Europe, we want to become a bank in the United States,” he said. “We want to expedite our applications for money transfer licenses. We are more than happy to take on Trump and make this billion-dollar commitment to the U.S. market a reality.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

OpenAI Hires 100 Former Investment Bankers to Train AI in Financial Modeling

October 21, 2025

Recruiter reports that fintech and AI are boosting finance job openings in London in the third quarter.

October 18, 2025

Fintech Employment Boom Stimulates Financial Job Market in London

October 15, 2025
Leave A Reply Cancel Reply

Latest news

Overview of the Singapore Fintech Market Size by 2025: Shares, Trends, and Growth Prospects

October 22, 2025

Sutter Health Enhances Breast Cancer Screening with Artificial Intelligence

October 22, 2025

Almost half of young Australians seek financial guidance from AI.

October 22, 2025
News
  • AI in Finance (1,755)
  • Breaking News (176)
  • Corporate Acquisitions (71)
  • Industry Trends (208)
  • Jobs Market News (313)
  • Market Insights (219)
  • Market Rumors (281)
  • Regulatory Updates (175)
  • Startup News (1,138)
  • Technology Innovations (181)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,755)
  • Breaking News (176)
  • Corporate Acquisitions (71)
  • Industry Trends (208)
  • Jobs Market News (313)
  • Market Insights (219)
  • Market Rumors (281)
  • Regulatory Updates (175)
  • Startup News (1,138)
  • Technology Innovations (181)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.