As Klarna plans to lay off 10% of its workforce, rival fintech firms Revolut and Wise say they’re hiring for hundreds of open roles.
China and Europe Are Leading the Push to Regulate A.I. — One of Them Could Set the Global PlaybookMeanwhile, German digital bank N26 said it has"no current plans to reduce headcount." The firm was last valued at $9 billion.
It marks a stark contrast with Klarna. The buy now, pay later firm — which lets shoppers split their purchases into equal, monthly installments — said it plans to cut an estimated 700 roles due to a souring economic climate. "Since then, we have seen a tragic and unnecessary war in Ukraine unfold, a shift in consumer sentiment, a steep increase in inflation, a highly volatile stock market and a likely recession."cut jobs and rein in costsDigital finance got a major boost from the Covid pandemic as people turned to online channels to make payments, apply for loans and trade shares.
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