New Delhi : Since the advent of AI, there has been talk that it will eliminate the need for humans and now it is going to become true. Klarna, a fintech company famous for many services like “Buy Now, Pay Later”, is making headlines at the moment. Company CEO Sebastian Siemiatkowski has said that AI is now capable of performing most of the tasks that were previously performed by humans.
In an interview with Bloomberg TV, Siemiatkowski said that artificial intelligence has become so advanced that it can now easily fill many roles in a company. He also revealed that Klarna had stopped hiring employees last year.
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Its negative impact on the salaries of existing employees
After this decision, the number of employees of the company reduced from 4,500 to 3,500. This reduction happened naturally, because 20% of the employees of technology companies migrate every year. Klarna was able to reduce its workforce by not hiring new employees and increasing the use of artificial intelligence in its processes.
Let us tell you that Siemiatkowski has made it clear that this is not going to have a negative impact on the salaries of the existing employees of the company. Along with this, he said – due to less staff, there will be savings in the company's salary expenses and due to this, the remaining employees can be given higher salaries. This news has come at such a time. Let us tell you that the impact of AI on jobs is being discussed at the global level. A report by McKinsey & Company in 2023 predicted that millions of workers may have to shift to new roles by 2030 due to the increasing influence of AI.
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