Interesting: Klarna CEO Received Pay Increase Despite Record Loss And Staff Cuts!
Swedish Klarna has posted an eye-watering annual loss for 2022. The annual losses exploded to SEK10.4 billion ($1 billion), up from SEK7.1 billion ($680 million) in 2021. However but the Swedish buy now, pay later company raised its CEO’s pay by more than a third. Net losses narrowed in the fourth quarter to SKr1.9 billion from SKr4.6 billion a year earlier. Credit losses were SKr1.4 billion in the three months, an improvement of 18% in the same period in 2021.