131–136 of 136 posts
Klarna feels like a feature to me, not a self sustaining business. I don't know what other capabilities they provide for merchants but I don't think BNPL can stand on its own, especially in a downturn.
Earlier quoted context omitted.
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.
The law covers all employers and employees regardless of union membership, but agreements between unions and employer organizations can limit the scope.
As you say, in practice companies will often sweeten the deal with a big severance package if they want to make changes which the law doesn't allow. I.e. get the right people to voluntarily resign instead of having the wrong people being laid off.
Klarna feels like a feature to me, not a self sustaining business. I don't know what other capabilities they provide for merchants but I don't think BNPL can stand on its own, especially in a downturn.
It's pretty much a Stripe competitor, plus BNPL.
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.
I actually found it a humane way of dealing with the situation. They let everyone know in advance. Have the decency of individual communication. Anticipated what type of invite to expect. Promised to roll out quickly, in a matter of days. I mean, probably not the "perfect" layoff, but certainly not close to worse, or even "terrible".
What does it look like to fire someone in Europe? As an outsider, all I’ve heard is that it looks very different from the US. What does the author mean by ‘associated compensation’?
Earlier quoted context omitted.
As one of the candidates to being lay off, not everyone is covered by Swedish law, and in my situation I’ll be completely under the scope of being impacted, which sadness me because the overall experience with the company was the best I ever had. Fucking hell I’m actually pissed.
You a consultant? Or on probation? Or in another region?