Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdown

Malaysia News News

Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdown
Malaysia Latest News,Malaysia Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 97%

Palantir Technologies Inc is still looking to grow its headcount even as it scrutinizes its spending and confronts economic uncertainty, its chief executive told Reuters.

Alex Karp, CEO of Palantir Technologies poses beside the company's logo ahead of an interview with Reuters in the Alpine resort of Davos, Switzerland May 23, 2022. Picture taken May 23, 2022. REUTERS/Arnd Wiegmannis still looking to grow its headcount even as it scrutinizes its spending and confronts economic uncertainty, its chief executive told Reuters.

The U.S. software company in 2023 expects to add a couple hundred people to its roughly 3,500 staff, in line with prior years of expansion just as peers in the technology industry are firing people, CEO Alex Karp said on the sidelines of the World Economic Forum in Davos. Vociferously contrarian, the company for years planned for war, political upheaval and a souring economy - though not a pandemic, "the only disaster I think we did not predict," Karp said, joking that Palantir had "a basement filled with things prepared no masks."

Palantir has clinched more business following Russia's war with Ukraine, selling software to visualize an army's positions as well as help enterprises vet their supply chains or reduce costs. Still, its stock is down more than 50% in the past year like other tech companies.Asked about potential cuts, Karp said Palantir was doing well in the United States, United Kingdom and Canada while evaluating spend in slower markets.The economy already is pinching Palantir's customers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Davos 2023: Global recession seen likely in 2023 -WEF surveyDavos 2023: Global recession seen likely in 2023 -WEF surveyTwo-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said on Monday as business and government leaders gathered for its annual meeting.
Read more »

Davos 2023: Global recession in 2023 seen as likely in WEF surveyDavos 2023: Global recession in 2023 seen as likely in WEF surveyTwo-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said on Monday as business and government leaders gathered for its annual meeting.
Read more »

Davos 2023: Climate activists protest over big oil hijacking debateDavos 2023: Climate activists protest over big oil hijacking debateClimate activists protested in Davos on Sunday against the role of big oil firms at this week's World Economic Forum (WEF), saying they were hijacking the climate debate.
Read more »

Davos 2023: Protesters urge world leaders to rethink economic systemDavos 2023: Protesters urge world leaders to rethink economic systemEcological crisis is fueled by current economic structure, say activists gathered in Davos-Klosters, Switzerland protesting ahead of the annual summit starting from Monday.
Read more »

Davos 2023: Climate activists protest the presence of oil giants at World Economic ForumDavos 2023: Climate activists protest the presence of oil giants at World Economic ForumClimate activists are staging protests in Davos, Switzerland, on the sidelines of this week's World Economic Forum to oppose the presence of oil and gas firms.
Read more »

Davos 2023: Man Utd set up shop with luxury lounge in Swiss AlpsDavos 2023: Man Utd set up shop with luxury lounge in Swiss AlpsManchester United set out a dazzling Davos shop front this week, but insisted its lounge was to entertain clients and partners rather than to attract buyers for the English soccer club.
Read more »



Render Time: 2025-02-25 18:23:51