Klarna was recently fined for money laundering, and in Sweden they had long fights with the unions (and lost).
But their services are pretty decent.
Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
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Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#42Nearly 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…
If they are all CEOs like the Klarna one, that make sense. Just look up how well Klarna is doing under his tenure.
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#43I'm stopping using services that use AI for call centers, I much rather talk to a real person and know that they can handle any kind of situation. So I'm going to bring money to the businesses that employ real human beings
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#44They stopped hiring because after raising over a billion dollars their value dropped 80%, they can't raise any more money, and after operating for 19 years they finally had a profitable quarter in Q2 2024. They are in "burn the furniture to heat the cabin" mode.
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#45Nearly 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 a software engineer with 7 years of experience.
I've built products used by millions of users, I've built ML models and AI coding tools, and I've been using AI to generate 70% of code that's shipped to production in the last few months.
I do believe that we can replace a large percentage of software engineers with AI in the next 3 years (2025-2027).
Also this 1 million dollar Kaggle competition on AI coding just launched: https://www.kaggle.com/competitions/konwinski-prize
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#46Nearly 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…
Assume they succeed, what's worth to be a ceo for?
They would end up as a frat startup with 5 people all with a CxO position but no organisation.
I am sure these CEOs are more power hungry than that.
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#47First time I tried Klarna, their 'payment' workflow was actually a 'grant full access to all bank accounts' workflow in disguise. I was thinking this amount of misleading must be illegal. Further interactions with them always felt sleazy. Maybe they know the regulators will dismantle the company in the near future and are optimizing for extracting the maximum before their implosion?
Yeah, I don't see why anyone with a bit of technical knowledge would use that over PayPal. I mean I'm all for destroying those evil ultra capitalist US corps but unfortunately our European counterparts are just complete rubbish more often than not. If you don't offer wire transfer or PayPal, you lost me as a customer.
Every single time I've used Klarna I've paid with a credit or debit card.
They abuse dark patterns for sure though.
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#48> 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.
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Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#49Why do they need 3500 people (!) to issue simple installment loans?
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#50Earlier quoted context omitted.
I'm open to the idea they see something I don't. I'm not convinced, but I'm open to it.
They see dollar signs
In theory the market will sort this out. Overly stingy firms will reap the rewards of lower quality and be outcompeted in their industries, overly generous ones will run out of money, the “just right” ones will exceed expectations and be rewarded. Where those lines are drawn probably varies by firms. I frankly don’t know how the company that invented monthly payments for shoes with a high interest rate will stay in business long term, so maybe they really don’t need to hire anyone anyway