Palantir: Hunting Season is Open

Hunting season for talent is open.

Editor: @Emanuele20x

Scared of a recession, many companies are cutting costs dramatically and laying off massively.

Palantir is doing exactly the opposite and hiring massively.

This short article is an update on the previous article (PLTR Against the Tide).

Palantir reached, according to LinkedIn numbers, 3.779 employees compared with 2.920 as of December 2021. That’s almost a 30% increase!

LinkedIn (thank you, Christian)

From the same snapshot in July we can see that the speed of hiring is accelerating. From July, Palantir hired ~200 people, +5% of employees in just two months.

Interestingly, Palantir has a Median tenure of 2.4-2.8 years. This puts Palantir among the companies with the best tenure among tech companies.

HackerLife Data

As we mentioned before, the new hiring focuses mainly on:

• Engineers;

• Operations;

• Business Development;

• Sales.

From the chart below we can see Palantir keeps hiring a multitude of Senior profiles.

New high-standing entries include:

• Markus Löffler, former Allianz CTO;

Chad Palantard @ChadPalantard

$PLTR Markus Löffler, former @Allianz CTO, joins Palantir as Senior Director of Enterprise Technology focusing on DACH and North America.

• Blaise Roulet, former VP at Salesforce ( CRM 0.00%↑ ) ;

Chad Palantard @ChadPalantard

$PLTR New Head Of Sales in Europe, Blaise Roulet. He joins Palantir after 7 years as Senior VP at @salesforce . Big add to the team. Thanks @bliblubb8976

• David Spirk, former Chief Data Officer at the Department of Defense.

Palantir @PalantirTech

We are excited to welcome the former Chief Data Officer of the United States Department of Defense, David Spirk. As a Senior Counselor, Dave will help advance #Palantir’s leading-edge software to the meet the US government’s evolving and complex needs.

bit.lyEx-DOD chief data officer David Spirk joins PalantirDavid Spirk, former chief data officer at the Department of Defense, will join Palantir as a senior counselor. Spirk, who left the Pentagon in March, will now advise Palantir and focus on helping its leadership grow the company’s government and international business. Palantir currently has contract…

How do you attract such high-standing employees?

• Strong business opportunities: US Commercial is still tiny compared with the potential (PLTR: Sell Sell Sell);

• Strong financial structure: $2.4bn cash and ~25/30% FCF Margin.

A glance at the SaaS big players

Salesforce ( CRM 0.00%↑ ) is also hiring, but far less aggressively.

ServiceNow ( NOW 0.00%↑ ) hasn’t slowed down its hiring.

Events participation

In addition to direct hunting, Palantir is getting more and more involved with sector events. This would help get new clients and hire talents.

Few examples, (thank you @lordgri52420459):

Healthcare Summit by Reboot Communications @HlthcareSumm

📣Announcing PREMIER SPONSOR @PalantirTech to @HlthcareSumm! Foundational Software of Tomorrow. Delivered Today. With 8 DAYS left until the summit, the countdown is on! Get involved in the Future of Healthcare by registering today 👉 bit.ly/healthsummit22 #cdnhealth #HCS22

TM Forum @tmforumorg

CSPs at DTW: You're invited to attend this invitation-only lunch briefing to dive into what kind of analytics are required to ensure the smooth-running of CSP networks on a daily basis. Learn more: ow.ly/z92s50KFMIZ #TMFDigital cc: @PalantirTech

The opportunity in the turmoil

In the recent interview with the legendary investor Stanley Druckenmiller, Karp expressed how hard it was for Palantir to hire new talents when the sector was in clear euphoria:

“Bad times will be an enormous advantage for Palantir. In euphoric times you have competition for talents. A lot of companies are going to fail but those prevented people from coming here […] and enjoying life while failing”. - Alex Karp, Palantir CEO

Now that the enthusiasm in the SaaS space cooled, therefore the hunt for talents should become easier for Palantir.

“Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.” - Nassim Taleb, Antifragile author

Yours,
Arny

Join me on:
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Business Email: arnylaorca@gmail.com
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View expresses are my own. Do not represent Financial Advice.  

I own (many) PLTR 0.00%↑ stocks.