Klarna
Klarna’s Q1 Slump: AI Hype Fails to Offset $99M Loss After Touting 700-Job Cuts
May 23 2025 – A major crisis is unfolding at Swedish “Buy Now, Pay Later” (BNPL) behemoth Klarna, as its CEO Sebastian Siemiatkowski, who once boldly proclaimed that the company’s AI-powered customer service system could replace 700 full-time customer service representatives, now faces a harsh reality. According to reports, the fintech firm recorded a net…