Palantir Layoffs

[areyentiraidhi]

Tech layoffs hit Palantir just weeks after projecting first profitable quarter

1h ago · By Shrey Dua, InvestorPlace Assistant News Writer

• Software analytics firm Palantir (PLTR)announced it is cutting less than 2% of its workforce on Monday.
• The news comes as a surprise to investors and analysts alike less than a month after the company announced its first profitable period ever.
• With Monday’s news, the company joins the ranks of several other tech companies forced to lay off employees in the face of rising interest rates.

Source: Ascannio / Shutterstock.com

Data analytics company Palantir (NYSE:PLTR) has confirmed plans to cut a bit less than 2% of its workforce in the latest round of tech layoffs. The layoffs will affect an estimated 75 people, per the company’s December U.S. Securities and Exchange Commission (SEC) report.

A Palantir spokesperson offered MarketWatch further details on the job cuts.

“We believe our company is at an inflection point and to continue to evolve, we are making the tough choice of reducing teams in several areas … While less than 2% of our workforce is impacted by these changes, these are incredibly painful decisions but the right ones for the company’s future.”

Palantir’s surprise layoffs come just a month after Chief Executive Alex Karp claimed the Denver-based company was looking to hire a couple hundred employees over the course of the new year.

Despite the layoffs, Palantir plans to “pace hiring” in 2023, according to CFO David Glazer at the company’s Feb. 13 earnings call.

“As we look ahead to 2023, we will continue to exercise spend discipline across the company [and] pace hiring while continuing to invest in high priority areas, including in our product offerings, building out our go-to-market strategy and technical roles.”

[Shameless]

8 minutes ago, areyentiraidhi said:

Tech layoffs hit Palantir just weeks after projecting first profitable quarter

1h ago · By Shrey Dua, InvestorPlace Assistant News Writer

• Software analytics firm Palantir (PLTR)announced it is cutting less than 2% of its workforce on Monday.
• The news comes as a surprise to investors and analysts alike less than a month after the company announced its first profitable period ever.
• With Monday’s news, the company joins the ranks of several other tech companies forced to lay off employees in the face of rising interest rates.

Source: Ascannio / Shutterstock.com

Data analytics company Palantir (NYSE:PLTR) has confirmed plans to cut a bit less than 2% of its workforce in the latest round of tech layoffs. The layoffs will affect an estimated 75 people, per the company’s December U.S. Securities and Exchange Commission (SEC) report.

A Palantir spokesperson offered MarketWatch further details on the job cuts.

“We believe our company is at an inflection point and to continue to evolve, we are making the tough choice of reducing teams in several areas … While less than 2% of our workforce is impacted by these changes, these are incredibly painful decisions but the right ones for the company’s future.”

Palantir’s surprise layoffs come just a month after Chief Executive Alex Karp claimed the Denver-based company was looking to hire a couple hundred employees over the course of the new year.

Despite the layoffs, Palantir plans to “pace hiring” in 2023, according to CFO David Glazer at the company’s Feb. 13 earnings call.

“As we look ahead to 2023, we will continue to exercise spend discipline across the company [and] pace hiring while continuing to invest in high priority areas, including in our product offerings, building out our go-to-market strategy and technical roles.”

..adhem peru bro company dhi...Filanthar Fagidi lekka undhi...Ali gadu ee name nunde naa Filanthar Fagidi ani pettindhi?

[pichhipullayya]

1 hour ago, Shameless said:

..adhem peru bro company dhi...Filanthar Fagidi lekka undhi...Ali gadu ee name nunde naa Filanthar Fagidi ani pettindhi?

Em matladutunnav bhayya... veedi software ni Governments tracking & tracing ki tega vadayi Covid time lo..

Maximum anni govt contracts ee veediki..

[csrcsr]

1 hour ago, Shameless said:

..adhem peru bro company dhi...Filanthar Fagidi lekka undhi...Ali gadu ee name nunde naa Filanthar Fagidi ani pettindhi?

On of the toughest interviews to crack ane vallu apatlo

[Spartan]

ma friend okadu chestadu...ECE lo masters chesadu...

manchi company

[TuesdayStories]

6 minutes ago, csrcsr said:

On of the toughest interviews to crack ane vallu apatlo

niku kuda saadhyam kaleda anna ..inka ma lanti valla paristithi lalilalo lalilalo anamata 

[csrcsr]

1 minute ago, TuesdayStories said:

niku kuda saadhyam kaleda anna ..inka ma lanti valla paristithi lalilalo lalilalo anamata 

apply kuda cheyalae manaki antha conema ledu anno

[TuesdayStories]

5 minutes ago, csrcsr said:

apply kuda cheyalae manaki antha conema ledu anno

[Shameless]

1 hour ago, pichhipullayya said:

Em matladutunnav bhayya... veedi software ni Governments tracking & tracing ki tega vadayi Covid time lo..

Maximum anni govt contracts ee veediki..

 

1 hour ago, csrcsr said:

On of the toughest interviews to crack ane vallu apatlo

 First time vintunna baa ee company peru

[csrcsr]

Just now, Shameless said:

 

 First time vintunna baa ee company peru

Thopu company anno , alanti vatiki chala duram ga unta unna confidence potati

[Shameless]

1 minute ago, csrcsr said:

Thopu company anno , alanti vatiki chala duram ga unta unna confidence potati

 Anna...asalu vishayam thelvakunda, edhedho vaaganu...manaki endhuku le Anna ee peddha peddha companies gurinchi..