Good thing they aren't growing, they appear to have scaled those negative margins, and it's time to dial it back.
Will AI also be able to hyperscale a negative margin business?
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Good thing they aren't growing, they appear to have scaled those negative margins, and it's time to dial it back.
Will AI also be able to hyperscale a negative margin business?
“It is difficult to get a man to understand something when his salary depends on his not understanding it.” -Upton Sinclair
> Though Klarna's website is advertising open positions at the time of writing, a spokesperson told Business Insider the company wasn't "actively recruiting" to expand its workforce. Rather, the spokesperson said, Klarna is backfilling "some essential roles," primarily in engineering.
Was it ever a good place to work? When they opened their Berlin office the word was the mobile team was a revolving door of contractors doing append-only development on a monolithic RN app. It already seemed dysfunctional then.
Nearly every CEO I’ve talked to in the past three months (only a handful, admittedly) has said something along these lines, if not quite as extreme. They genuinely believed the current state of the art is polished and powerful enough to replace huge swathes of coders, designers, writers, etc. leaving only a middle-management supervisory layer and some lower-level grunts to herd the bots. Or it’s a good PR ruse to sca…
I'm not convinced, but I'm open to it.
Maybe they know the regulators will dismantle the company in the near future and are optimizing for extracting the maximum before their implosion?
Nearly every CEO I’ve talked to in the past three months (only a handful, admittedly) has said something along these lines, if not quite as extreme. They genuinely believed the current state of the art is polished and powerful enough to replace huge swathes of coders, designers, writers, etc. leaving only a middle-management supervisory layer and some lower-level grunts to herd the bots. Or it’s a good PR ruse to sca…
I'm open to the idea they see something I don't. I'm not convinced, but I'm open to it.