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International Business Times UK
International Business Times UK
Vinay Patel

'We Stopped Hiring!': FinTech CEO Reveals How AI Replaced Hundreds of Employees in a Year

Klarna Sebastian Siemiatkowski fintech BT Group IBM Google Duolingo IKEA
As AI advances, companies like Klarna are replacing human workers with AI, sparking concerns about job security and the future of work. (Credit: X / Klarna @Klarna)

Klarna's CEO, Sebastian Siemiatkowski, has fully embraced artificial intelligence as a transformative force within the fintech company - influencing a major part of his company: the workforce.

In a recent Bloomberg TV interview, he revealed that he decided to pause hiring a year ago and that it stemmed from AI's ability to automate tasks previously handled by humans.

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