Palantir Layoffs: Pentagon Cuts Trigger Stock Plunge
Palantir Layoffs: Pentagon Cuts Send Shockwaves Through Tech Palantir Technologies, the data analytics firm heavily reliant on US government contracts, has announced layoffs following significant cuts to the Pentagon's budget. This news triggered a sharp decline in Palantir's stock price, reflecting investor concerns over the company's future. The layoffs underscore the vulnerability of firms heavily dependent on government funding and the broader uncertainty within the defense contracting industry. This situation highlights the need for diversification and adaptability in the face of evolving political and economic landscapes....