this post was submitted on 28 Feb 2024
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145
Klarna says its AI assistant does the work of 700 people after it laid off 700 people (www.fastcompany.com)
submitted 8 months ago by [email protected] to c/[email protected]
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Klarna says its AI assistant does the work of 700 people after it laid off 700 people::undefined

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[–] [email protected] 8 points 8 months ago

I don't nave a citation, but in general, layoffs are usually used to cut costs. Spending less means more profits. More profits generally means the company looks better to the investors, and hence, better stock price.