Swedish buy now, pay later (BNPL) giant Klarna is to embark on a second round of layoffs just four months after it shed 10% of its workforce.
News of the job cuts were communicated to staff in a video call by Klarna chief operating officer (COO) Camilla Giesecke, Swedish news site SvD reports.
Addressing 500 employees, Giesecke said the BNPL firm must make further cuts to departments including IT and recruiting “to reflect the more focused nature of today’s Klarna”, according to a report by Sifted.
Klarna confirmed the new round of job cuts and says fewer than 100 employees will be affected globally.
A Klarna spokesperson says: “During the summer, we appointed a new COO, and it is natural that a new manager makes changes, which is what is happening now.
“Klarna, like all other companies, is constantly evaluating and making adjustments to the structure of its organisation.
“However, the adjustments are often small in scale compared to the major change we made this spring, which was prompted by the turbulent…