Klarna boss Sebastian Siemiatkowski said AI had less to staff number reduction at his firm.

The introduction of AI at firms could lead to a recession due to mass job losses of professionals, Klarna’s chief executive has warned.

The use of AI to make work more efficient has been encouraged by leading figures, including the government itself which said it could save civil servants two weeks a year.

But fintech boss Sebastian Siemiatkowski, who runs the Stockholm-based ‘buy now, pay later’ business Klarna , has warned that its potential to replace work done by office staff could push economies into a recession in the coming years.

Siemiatkowski suggested that tech bosses had tended to dismiss the impacts AI could have on headcounts at firms, with Klarna cutting staff numbers from 5,500

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