News

May 23, 2022

Klarna lays off 10% of its team amid valuation crunch

The buy now, pay later giant Klarna is laying off around 10% of its workforce around the world, CEO Sebastian Siemiatkowski announced today


Mimi Billing

2 min read

Sebastian Siemiatkowski, Klarna CEO

The Swedish buy now, pay later company Klarna is about to lay off 10% of its workforce, according to the CEO and cofounder Sebastian Siemiatkowski. LinkedIn shows that the company has more than 6,500 employees.

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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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