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Klarna Plans to Cut Staff, Growth Plans After Losses Mount

  • Manager said Klarna moving from hypergrowth to ‘steady state’
  • Internal productivity department told to ‘keep the lights on’
Klarna AB Expected To List In Europe IPO Bonanza
Photographer: Hollie Adams/Bloomberg

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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.