Palantir to cut about 2% of employees, roughly 75 jobs
Publishing timestamp: 2023-02-27 13:44:57
Summary
Palantir announced on Monday that it is cutting about 2% of its workforce, affecting roughly 75 people. Other tech companies such as Twilio, Dell, Zoom, eBay, Google, Microsoft, and Salesforce have also announced significant layoffs this month. Palantir reported an 18% increase in fourth-quarter revenue to $509 million and expects to generate a profit for the current fiscal year.
Sentiment: NEGATIVE
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Keywords: technology, enterprise, twilio inc, internet, business news, palantir technologies inc,
Source: https://www.cnbc.com/2023/02/27/palantir-layoffs-75-employees-2percent-of-workforce.html