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Klarna Plans to Cut Staff, Growth Plans After Losses Mount

The Days of Using ‘Buy Now, Pay Later’ for a $10 T-Shirt May Be Numbered

Klarna Bank AB, months after announcing major job cuts and taking a $39 billion hit to its valuation, is planning to restructure parts of its business further to suit a slower-growing, smaller operation, people familiar with the matter said.

In a meeting this week, a manager in the internal engineering unit of the Swedish buy-now-pay-later company told staff, some of whom were about to lose their jobs, that Klarna will be less focused on…


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