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Swedish Buy Now, Pay Later Firm Klarna To Cut 10% of Global Workforce

By
Mark Di Stefano
· · Source: The Information

Swedish fintech Klarna—one of the original buy now, pay later firms which popularized the category for young shoppers—announced it will cut 10% of its 5,000-person global workforce just days after a media report that its private market valuation was poised to tumble. In  a memo to staff on Monday informing them of the cuts, Klarna founder and CEO Sebastian Siemiatkowski blamed factors...

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