Klarna CEO Sebastian Siemiatkowski plans to reduce the company’s workforce by nearly half, from 3,800 to 2,000, through a hiring freeze and AI implementation. The remaining employees will utilize AI to increase efficiency, with Klarna’s AI assistant already doing the work of 700 customer service agents. Despite the reduction in workforce, Klarna’s revenue and operating income have continued to grow, with reports indicating a potential $20 billion IPO in the U.S.
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Junior Bridgeman, N.B.A. Player Turned Mogul, Dies at 71
Junior Bridgeman, a former N.B.A. player turned successful entrepreneur, passed away at 71 in Louisville, Ky. He amassed a net worth of $1.4 billion through investments in fast-food restaurants, a Coca-Cola bottling business, and a minority stake in the Milwaukee Bucks. Bridgeman's business acumen and leadership extended beyond basketball, leaving a lasting legacy in both the sports and business worlds. Full Article
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