Klarna #CEO Sebastian siemiatkowski said his company was able to stop #hiring a year ago as it invested in #AI that’s doing the work of hundreds of staff across the firm. Siemiatkowski has even published a financial update with his own AI-generated avatar. #jobs #technology #artificialintelligence

AI can already do all of the jobs that we as humans do. It's just a question of how we apply it and use it. You seem pretty easygoing about AI replacing you, but how do your employees feel? Well, I think what we've done internally hasn't been reported as widely, is we stopped hiring about a year ago, so we were 4,500, now we're 3,500. We have a natural attrition as every tech company, so people stay about five years, so 20% leave every year, and by not hiring, we're simply shrinking, right? What we've said to our employees, though, what's gonna happen is the total salary cost of Klana is gonna shrink, but part of the gain of that is gonna be seen in your paycheck, so we're gonna give some of the improvements that the efficiency that AI provides by increasing the pace at which the salaries of our employees increases, and that's because of that message being very consistent for myself and management for the last year. People internally at Klana are just rallying to deploy as much efficiency AI as they can, because it just means it has direct implications on their equity and their cash compensation for working at Klana.