Klarna CEO Warns of Tech Talent Loss

This is a U.S. news story, published by CNBC, that relates primarily to Klarna news.

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Klarna CEO Sebastian Siemiatkowski

CNBC

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Klarna CEO says a European tech brain drain is ‘number one risk’ for company ahead of IPO

Summary

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74% Informative

Klarna CEO Sebastian Siemiatkowski says lack of attractiveness of Europe for tech talent is the " number one risk" facing the Swedish fintech firm.

Klarna offers only a fifth of its equity as a share of revenue compared to a basket of its peers, according to a Klarna -commissioned study obtained by CNBC .

Siemiatowski declined to comment on where the company will go public.

"There is more of that sentiment than in the U.S. , and that is unfortunately hurting competitiveness," Klarna 's co-founder said. "If you get approached by Google , they will fix your visa. They will transfer you to the U.S. These issues that used to be there, they're not there anymore." "The most talented pool is very mobile today ," he added, noting that its now easier for staff to work remotely from a region that's outside a company's physical office space..

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Informative language

Neutral language

Article tone

informal

Language

English

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not offensive

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not hateful