‘We Stopped Hiring!’: FinTech CEO Reveals How AI Replaced Hundreds of Employees in a Year [Video]

Klarna’s CEO, Sebastian Siemiatkowski, has fully embraced artificial intelligence as a transformative force within the fintech company – influencing a major part of his company: the workforce.

In a recent Bloomberg TV interview, he revealed that he decided to pause hiring a year ago and that it stemmed from AI’s ability to automate tasks previously handled by humans.

Siemiatkowski expressed confidence in AI’s potential, stating, “It’s just a question of how we apply it and use it.”

Klarna’s AI-First Approach

Klarna, a payment service offering “buy now, pay later” options, boasts a network of over 575,000 retail partners, as stated on its website.

His company’s growth has coincided with a broader technological shift, particularly the surge in AI interest, which has raised concerns about its potential impact on jobs and the workforce.

A 2023 McKinsey & Company report predicts that 12 million American workers will need to transition to new occupations by 2030 due to advancing AI technology.

This trend is …