CEO Of Klarna Said They Stopped Hiring People Because AI ‘Can Already Do All The Jobs’

CEO Of Klarna Said They Stopped Hiring People Because AI ‘Can Already Do All The Jobs’
Bloomberg Technology

Klarna CEO Sebastian Siemiatkowski has stirred discussions about the future of work after revealing that the company stopped hiring a year ago, citing artificial intelligence (AI) as capable of performing all human jobs. Speaking to Bloomberg TV, Siemiatkowski explained that Klarna reduced its workforce from 4,500 to 3,500 through natural attrition without new hires, showcasing a shift towards reliance on AI.

According to the CEO, this strategy aligns with his belief that AI can already handle most tasks humans perform. While Klarna focuses on future growth in the credit card market, a “trillion-dollar opportunity,” the company is embracing AI to redefine operational efficiency. Siemiatkowski expressed optimism about AI’s transformative potential but acknowledged the societal challenges it presents.

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The move reflects broader concerns about AI-driven job displacement. Elon Musk has echoed similar sentiments, predicting a future where “no job is needed” due to AI’s capabilities. However, Musk suggested that AI could offer benefits, like personalized education and even companionship, sparking debates on how humans will find purpose in an AI-dominated era.

While Klarna’s shift may hint at a tech-driven future, it also raises critical questions about the balance between innovation and human employment, leaving many to wonder how industries will adapt to AI’s rapid advancements.