Klarna plans to cut staff, growth plans after losses increase

Klarna plans to cut staff, growth plans after losses increase

Klarna Bank AB, months after announcing major job cuts and a $39 billion hit to its valuation, plans to further restructure parts of its business to fit a slower-growing, smaller business, people familiar with the matter said. At a meeting this week, a manager in the Swedish buy-now-pay-later company’s internal engineering unit told staff, some … Read more

Can Patagonia make capitalism climate-friendly?

Can Patagonia make capitalism climate-friendly?

Patagonia founder Yvon Chouinard may be the world’s most reluctant billionaire. For 50 years, the rock climber and environmentalist has tried to chart a difficult path, becoming a poster child for an unconventional form of capitalism that seeks to balance profit and purpose. Patagonia is now one of the world’s most successful outdoor apparel brands, … Read more