They stopped hiring because after raising over a billion dollars their value dropped 80%, they can't raise any more money, and after operating for 19 years they finally had a profitable quarter in Q2 2024. They are in "burn the furniture to heat the cabin" mode.
Oh please, spare us the harmonious bravado. Klarna is a vulture capitalist company that’s now refusing to hire people because it wants to automate away paying jobs so it can make more money for its vulture capitalist leaders. Klarna struggling should make anyone below the millionaire line joyful.
They’re refusing to hire people because they’re not making as much money as they planned to. Covering it up with claims of AI is lame, but I don’t think it’s a terminal offense.
