Klarna shares rise 15% in their first day of trading on Wall StreetSwedish buy now, pay later firm Klarna made a strong NYSE debut, with shares jumping nearly 15%. Opening at $52, a 30% premium, the stock c...
11 Sep, 2025, 11.37 PM IST
Swedish BNPL player Klarna raises 1.37 billion in largest IPO of US in 2025The Swedish buy-now-pay-later company Klarna made its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest ...
10 Sep, 2025, 09.34 PM IST
Fintech firm’s AI adoption plan backfires as attempt to automation leaves engineers stuck with handling customer support callsKlarna’s bold AI experiment has backfired, forcing engineers and marketers into customer support roles after its chatbot failed to handle r...
04 Sep, 2025, 10.19 PM IST
Betting on Bots: Why Replacing People With AI Is a Strategic Time BombAs the AI wave accelerates, many organizations are prematurely downsizing their workforce to cut costs and ride the automation hype. While ...
21 Jul, 2025, 04.52 PM IST
Need a promotion at Amazon? Show your AI skills firstAn internal email stated that employees are also required to attach or cite specific AI projects they have worked on, along with measurable...
20 Jul, 2025, 04.10 PM IST
AI at work: Job cuts and tech leader opinionsWhile many corporate heads say that AI will replace jobs and even change the nature of work itself, there are some who say that AI-led mode...
27 Jun, 2025, 06.21 PM IST
Fintech Klarna to launch $40 per month mobile plan in USKlarna is set to launch an unlimited mobile plan in the US for $40 per month, utilizing Gigs' platform and AT&T's network. This move aligns...
18 Jun, 2025, 06.19 PM IST
CEOs clone themselves with AI while workers fear losing jobsCorporate executives are using AI tools, such as Delphi and Tavus, to do a variety of tasks, such as uploading their written content, keyno...
14 Jun, 2025, 04.46 PM IST
Company that sacked 700 workers with AI now regrets it — scrambles to rehire as automation goes horribly wrongKlarna AI layoffs have taken a surprising turn. The Swedish fintech giant, once praised for firing 700 employees and replacing them with ar...
09 Jun, 2025, 11.46 PM IST
AI to replace CEOs? Tech bosses test the waters with digital twinsWith AI becoming more integrated across industries, some tech CEOs are now using digital avatars for earnings calls. Klarna’s Sebastian Sie...
24 May, 2025, 08.20 PM IST
AI is not increasing productivity or leading to job losses, finds a studyA recent study indicates that AI's impact on employee pay and hours has been minimal, despite its rapid adoption. While some companies like...
20 May, 2025, 04.24 PM IST
How Indian and global CEOs are reacting to AI’s growing impact on jobsOutside India, global tech leaders are expressing similar concerns. Former Google CEO Eric Schmidt said professionals in many fields, inclu...
20 May, 2025, 03.04 PM IST
Company replaces 700 employees with AI, two years later, it's rehiring humans as AI falls shortKlarna, the buy-now-pay-later firm, will increase human hires after AI customer service fell short of expectations. Despite cost savings fr...
19 May, 2025, 01.11 PM IST
After firing 700 employees for AI, Swedish company admits their mistake and plans to rehire humans. What went wrong?Swedish fintech company Klarna is reversing its decision to replace human employees with AI after facing declining service quality. After l...
18 May, 2025, 11.20 PM IST
Klarna CEO Sebastian Siemiatkowski claims AI can now perform all tasks, stops hiring humansKlarna, a fintech company, stopped hiring new staff due to AI's growing capabilities. The company's workforce shrunk from 4,500 to 3,500. C...
17 Dec, 2024, 07.44 PM IST
Swedish payments major Klarna hits monthly profitability ahead of target as losses shrinkThe January-June operating loss at the privately held (BNPL) fintech, which last made a full-year profit in 2018, was 2.01 billion crowns (...
31 Aug, 2023, 02.15 PM IST
Sweden, a hotspot for start-ups"The establishment of new businesses continues to be one of Stockholm's most important success factors," says Olof Zetterberg.
11 Jan, 2015, 03.13 PM IST