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Reuters
Palantir cuts around 2% of its workforce
Palantir, known for its work with the U.S. Central Intelligence Agency, had 3,838 full-time employees as of Dec. 31, 2022. The company’s finance chief David Glazer earlier this month told Reuters Palantir had reduced employees’ stock-based compensation and cut back on cloud expenditure in recent months in response to lower spending from recession-wary businesses. Earlier this month, Palantir had also said it expects 2023 to be the company’s first profitable year as it benefits from cost cuts and the artificial intelligence boom.
