TechCrunch
They say if you’re going to cut, cut deeply so you only have to do it once. Alas, a growing number of companies are realizing that despite layoffs earlier in the year, they need to cut back more now.
Klarna, the Stockholm, Sweden-based buy now, pay later outfit, finds itself in this camp. According to the outlet Sifted, the 17-year-old company told employees on Monday in a video message from COO Camilla Giesecke that Klarna is reducing staff again to “reflect” its new and “more focused nature.”
Around 500 Klarna employees were invited to watch Giesecke deliver the news, including in IT and recruiting, though Klarna tells us in a separate statement that the job cuts will impact fewer than 100 employees globally. Reads the statement:
Klarna, like all other companies, is constantly evaluating and making adjustments to the structure of its organization. Our organization is built on 700 fast-moving teams that are constantly changing, and Klarna employees move between teams and departments every week. However, the adjustments are often small in scale compared to the major change we made this spring, which was prompted by the turbulent environment.
The outfit, which employed 7,000 people at the beginning of this year, now has “around 6,000” employees, the spokesperson tells TechCrunch.