Palantir Looks To Ramp Up Headcount By 25%: Report

Palantir Technologies Inc PLTR looks to boost its headcount by 25% by the end of the year to meet its ambitious sales targets, Bloomberg reports.
Palantir has already hired or extended offers to 1,100 new employees so far this year. It aims to add another 300 before the end of the year.
Palantir's headcount will soon reach around 3,670, up from 2,920 at the end of 2021.
Palantir prioritized building a sales team as part of a larger goal to win government and commercial customers.
The company had previously shared plans to add at least 175 people in sales this year.
Of the 1,400 new hires planned for 2022, a significant portion outside of the sales department will be software engineers.
Palantir's hiring drive is in stark contrast to the tech behemoths like Alphabet Inc GOOG GOOGL, Meta Platforms Inc META, and Oracle Corp ORCL.
Google recently shared plans to boost productivity while not eliminating the possibility of layoffs.
Facebook employees fear job cuts up to 10% despite the company's denial.
Price Action: PLTR shares traded higher by 1.78% at $11.52 on the last check Friday.