101–110 of 136 posts
Klarna seems like horrible company to work for from what I have read on HN. IQ test for interviews, mass layoffs with little self awareness, and very low pay compared to the US.
Honestly, what a terrible letter. Did not once say the words layoff or let go. Using phrases like “continue to be part of klarna’s journey”. Good lord, is this a business or a cult? And not a single line about concrete steps they will take to support the layoffs (multi-month severance packages, etc). Hopefully that is what they intend, but as of right now, this is pretty disappointing.
From a Swedish perspective this is probably a "varsel" which is prior notice that they intend to do layoffs. You can't just fire people in Sweden so this is a first step. They have to give notice that they intent to layoff people to the different unions and then start the process. In other countries where they operate it's probably very different? My guess is it will vary a lot how they do this because of first-in-fi…
Earlier quoted context omitted.
Klarna’s income is tied to consumer discretionary spending which is falling off a cliff.
With COVID becoming just another disease and the uncertainty from the war in Ukraine, it will only be worse from now on for consumer spending. A lasting peace for Ukraine needs to happen before that will change. And with Ukraine not willing to give any territory to Russia, that peace seems very far off. A coup in Russia could change that, but a coup seems very unlikely.
Honestly, what a terrible letter. Did not once say the words layoff or let go. Using phrases like “continue to be part of klarna’s journey”. Good lord, is this a business or a cult? And not a single line about concrete steps they will take to support the layoffs (multi-month severance packages, etc). Hopefully that is what they intend, but as of right now, this is pretty disappointing.
From a Swedish perspective this is probably a "varsel" which is prior notice that they intend to do layoffs. You can't just fire people in Sweden so this is a first step. They have to give notice that they intent to layoff people to the different unions and then start the process. In other countries where they operate it's probably very different? My guess is it will vary a lot how they do this because of first-in-fi…
Earlier quoted context omitted.
I very much disagree. For people with anxious tendencies, this type of email is absolutely awful to receive, and consider that most of those let go will be at lower rungs of the company, so job security in the current market is going to be a big source of anxiety. “You are at risk of losing your job, but you’ll have to wait all week to find out”
As commented above, you have to do it this way in Sweden, you have to announce in public that you are going to lay off people and then from there on you negotiate with the union if you plan to not do stack-based firing (last-in-first-out).
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This has been evolving over time. There are exceptions you can make as long as they're compensated. Now those things are negotiated in collective agreements at most places or individual contracts in the rare case.[1] There are also consequences for like if they claim it's a layoff but it's a firing and so on. It's kind of complicated and getting more so. 1. https://sv.wikipedia.org/wiki/Lagen_om_anst%C3%A4llningsskyd…
Looking at the Wikipedia-article, it appears to apply to unionized workplaces, and Klarna is not one of them. There are of course ways you can part with your employer that falls outside this law - you can be asked to waive your rights, in some cases against compensation. Your employer can also choose to break the law and bank on you not knowing your rights/not feeling equipped to fight for your rights.
Are you sure they don't fall under Unionen or some other TCO org?
Honestly, what a terrible letter. Did not once say the words layoff or let go. Using phrases like “continue to be part of klarna’s journey”. Good lord, is this a business or a cult? And not a single line about concrete steps they will take to support the layoffs (multi-month severance packages, etc). Hopefully that is what they intend, but as of right now, this is pretty disappointing.
> However, unfortunately, some of you will be informed that we cannot offer you a role in the new organization.
Seems clear to me once you account for corporate speak
Earlier quoted context omitted.
Not possible to do it personally for dozens or hundreds of people. If they did it by email, a lot of people would criticize as well. Perhaps, just perhaps, even yourself in the past has criticized or at least found (in your thoughts) an awful way of communicating a lay off?
You can’t discredit me based on your own hypothetical about what I might believe.
How awful each option is perceived is subjective. If they did it by email, many people (perhaps you and I included?) would be here criticizing the lack of humanity and basic consideration to impacted employees...
Earlier quoted context omitted.
From a Swedish perspective this is probably a "varsel" which is prior notice that they intend to do layoffs. You can't just fire people in Sweden so this is a first step. They have to give notice that they intent to layoff people to the different unions and then start the process. In other countries where they operate it's probably very different? My guess is it will vary a lot how they do this because of first-in-fi…
What is the first in first out rule? Does it mean that the people that joined the latest will be the first ones to go? And also is this a law or something that usually happens but not necessarily? Asking because I work in Sweden and I was not aware of something like this.