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Klarna CEO says layoffs timing was ‘fortunate,’ eyes 2023 profitability

Newsican Admin by Newsican Admin
November 24, 2022
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Klarna CEO says layoffs timing was ‘fortunate,’ eyes 2023 profitability
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Sebastian Siemiatkowski, CEO of Klarna, talking at a fintech occasion in London on Monday, April 4, 2022.

Chris Ratcliffe | Bloomberg through Getty Pictures

HELSINKI, Finland — Klarna will grow to be worthwhile once more by subsequent yr after making deep cuts to its workforce, CEO Sebastian Siemiatkowski advised CNBC.

Klarna misplaced greater than $580 million within the first six months of 2022 because the purchase now, pay later big burned by money to speed up its growth in key progress markets just like the U.S. and…



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