Palantir Technologies told Bloomberg it will cut more than 70 jobs on Friday, or about 2% of its staff, as it looks to reduce costs. In a statement to Bloomberg, Palantir said, "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."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PLTR:
- Palantir (NYSE:PLTR): Latest Addition to the Layoff Spree
- Palantir 2023 outlook ‘certainly not without risk,’ says Deutsche Bank
- PLTR Dives as Analysts Dampen Expectations
- William Blair sees three of Palantir’s four largest contracts as ‘in play’
- Can Palantir (NYSE:PLTR) Stock Sustain its Post-Earnings Rally?
