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The writes the Swedish business newspaper Dagens Industri (DI) Monday afternoon. CEO Sebastian Siemiatkowski conveyed the message to employees in a pre-recorded message on Monday.
Klarna is currently out in the capital market to raise up to ten billion kroner, and the company must in that connection be able to point to profitability, or at least hope for profitability in the not too distant future. In 2021, Klarna lost more than seven billion Swedish kroner.
DI writes the capital raising shows that Klarna’s market value has fallen by 20–30 per cent, and that the company is now valued at around NOK 300 billion.
Klarna is the latest in a series of technology companies that now feel compelled to implement extensive cost reductions.
Klarna, which was established in 2005, mainly operates payment systems, and the company has grown strongly in recent years. But like many growth companies and the entire technology sector in general, the capital markets have dried up almost completely in recent months. Growth and technology companies have also struggled on stock exchanges around the world.
In Sweden, technology companies such as Trustly, Storytel and Kry have had to cut sharply recently.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
