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Klarna

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Klarna

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Klarna Employee Reviews about "salary"

Updated Oct 3, 2022

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Found 187 of over 1,127 reviews

3.5
65%
Recommend to a Friend
64%
Approve of CEO
Klarna CEO and Founder Sebastian Siemiatkowski
Sebastian Siemiatkowski
614 Ratings

What people are saying about Klarna

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Consulting Exit Opportunities

3m

a 

Product Associate

Hi everyone, Got a few offers that I would love some input on. Have offers from Visa, PayPal, Affirm, and Wisetack (series B start-up). Visa is in office while the other three are remote friendly, which is important to me. Visa comp is also about 30k lower than the other offers (tc from the other three companies are at around170, yoe 2.5). Normally I’d go with Wisetack or Affirm for the growth potential but given what happened to Klarna, I’m a bit hesitant. Which option would you go with

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Top Review Highlights by Sentiment

Pros
  • "The Klarnauts people were great but they sacked 10% after an announcement in less than 24h.(in 116 reviews)
  • "Great colleagues to work with(in 104 reviews)
  • "At Klarna you will feel constantly challenged and the company's culture is great(in 66 reviews)
  • "Good benefits and time off if you are in a team that allows you to use it.(in 43 reviews)
  • "work life balance is good(in 28 reviews)
Cons
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Reviews about "salary"

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  1. 2.0
    Current Employee, more than 1 year

    Pay attention to your salary when relocating to Stockholm

    Mar 1, 2016 - Software Developer in Stockholm, Stockholm
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Klarna has a friendly work environment and many skilled people work here. The company does it's best to motivate everyone and keep the employees focused on the business goals

    Cons

    The salary is just average or even below average. As a foreigner relocating to Stockholm pay very close attention to negotiate a high enough salary (I would recommend at least 45.000 SEK as a Software Engineer) and not let them blind you by the relocation package. The salary distribution within the company is very very unfair and uneven. On top it is very hard to adjust the level of salary while being employed at Klarna.

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    49 people found this review helpful
  2. 3.0
    Current Employee, more than 1 year

    Great team and atmosphere, not so great compensation

    Mar 24, 2022 - Service Delivery Specialist 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great atmosphere and culture - communication and feedback culture - inclusion and equality are being tackled - colleagues are wonderful - some leads are, too :)

    Cons

    Compensation below average - structures for development and promotion are often nontransparent and depend on too few people who decide whether someone gets promoted/a higher salary or not - which contributes to our team being understaffed and overloaded with work - some leads value numbers/efficiency too high and quality/effectiveness too little - those also sometimes like to keep their folks down, selfishly prohibiting them from developing and being promoted

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    2 people found this review helpful
  3. 2.0
    Former Employee, more than 1 year

    Difficult Relationship

    Jul 30, 2022 - Anonymous Employee in Berlin
    Recommend
    CEO Approval
    Business Outlook

    Pros

    #1 Team It's very random, each team has their own culture, some teams are fun to work in others are a huge pain. I'm lucky to be in a fun one and have a great manager #2 Title growth possibility Since there is a lot of people quitting, there is an opportunity to grow. However not financially! (for a level raise with way more responsibility you'll get a low base salary raise of 1-3%) #3 Travel Policies It is very easy to travel for work events and it happens often which is great! #4 Team Activities Team activities in my team happen every ~12 weeks which is nice and fun. #5 Remote work This is so-so, it's better than traditional companies as they allow you to work from anywhere in the country and don't enforce time in the office. But there is no budget for remote allowances.

    Cons

    #1 Low Salary Klarna pays 40-50% below market average. There is over-levelling. #2 Top-down You'll get a lot of projects or re-organizations or team shuffling that are just enforced onto you 'you do this now'. It's also more than one can handle which leads to stress. #3 Horrible RSU/Stock Packages from hell There are no more base salary raises (or very little 1-2%) (Inflation is at 8% so it's a joke) Raises are given in RSU and they are communicated and considered the same as salary from leads/management. This is complete nonsense, the company is not public, you can't sell it or do anything with it, and it basically does not exist. So you might earn 40k base + 30k RSU, then your salary is considered 70k on paper but in reality it's just 40k because you can throw the RSU in the trash. Also they don't understand that RSU is vesting over 4 years so 30K rsu is actually 7.5k/year so even if you consider the RSU it should be 47.5K total, but it's counted as full 70k total from day 1. #4 Remote work This is so-so, it's better than traditional companies as they allow you to work from anywhere in the country. But there is no budget for remote allowances. #5 Retention and Fluctuation - Raises within the company are insanely low - There is an extremely high fluctuation and churn, stay for 1 year in the company, next year you don't know anyone anymore. This leads to problems, it can feel very repetitive as you'll have to re-explain everything every month because people don't know. There is a huge knowledge drain and I believe that this is the #1 waste of time. - Extremely high employee churn. Currently, employees that are leaving are not replaced, remaining employees just need to work harder for the same pay. #6 Internal conflicts Often teams repeat the work from other teams instead of collaborating and are trying to 'take over' other teams and their work or are very protective of their work and don't share any information. There is a huge lack in coordination between teams. Also if upper management doesn't like you because you don't obey like a sheep you'll never grow. #7 Salary raises The few 1-2% raises happen 1x per year and that's your only chance. #8 Internal communication The CXOs lik