CEO Says AI Will Replace So Many Jobs That It’ll Cause a Major Recession

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Minas Marios Kontis
Minas Marios Kontis
AI Greece Podcast Host
CEO Says AI Will Replace So Many Jobs That It’ll Cause a Major Recession

The CEO of layaway startup Klarna is claiming that AI is coming for your white-collar jobs — even though his own actions have made him an international poster boy for AI-obsessed executives itching to replace human workers with AI.

Speaking to The Times Tech podcast, the Sweden-based CEO Sebastian Siemiatkowski admitted that adoption of the technology will result in "implication[s] for white-collar jobs" that include, but are not limited to, "at least a recession in the short term."

"Unfortunately, I don't see how we could avoid it, with what's happening from a technology perspective," the CEO said in reference to job loss and a recession.

On that part, unfortunately, he may be right: we've been careening headlong towards a recession for a while now, and unemployment rates — affected, no doubt, by AI-obsessed CEOs like Siemiatkowski laying people off in droves — are a huge factor.

Still, those are bold words coming from this particular Swedish CEO, considering that just a few weeks ago, he admitted to Bloomberg that he's looking to rehire for some of the 700 customer service positions he boasted about replacing with AI

Minas Marios Kontis

Minas Marios Kontis

Forbes 30 Under 30 entrepreneur and host of AI Greece Podcast. Founder & CEO of Univation, empowering 35,000+ students across 40+ universities with AI-driven education. Started coding at 12 with a 100k+ download transportation app.

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