Klarna plans further job losses after ‘no more cuts’ claim

TECH company Klarna has unveiled plans for a second round of lay-offs just weeks after its chief executive promised that cuts were done.

After sacking more than 700 of its 7,000-person workforce earlier this year, is planning to scrap another 100 roles just weeks after its billionaire founder Sebastian Siemiatkowski said that the reductions were over.

The company said that the decision differs from the cuts made in the spring because it is an “adjustment” that is not prompted by a turbulent environment.

“During the summer, we appointed a new chief operating officer, and it is natural that a new manager makes changes,” a spokesman said. “In the case of these smaller adjustments, we sometimes offer severance pay for some employees, generally up to twice the notice period and thus substantially more than they would have received if Klarna had made redundancies.”

Mr Siemiatkowski was criticised earlier this year after Klarna made the “tone-deaf ” decision to publish the list of names of everyone fired.