Palantir Technologies Inc (NYSE:PLTR) is planning to accelerate its hiring process to help meet sales targets, at a time when many giants of the tech sector are freezing or cutting jobs.
The company, which sells data analysis software to governments and companies, is on track to increase its headcount by roughly 25% by the end of the year, a spokesperson for the company told Bloomberg.
Already this year it hired or extended offers to more than 1,000 new employees and expects to add another 300 before the end of the year.
Palantir hasn’t been immune to the macro-environment, with shares down around 38% in 2022.
However, in times of crisis, it has bucked the trend and gone on the offensive, increasing its staff numbers, while the likes of Google, Meta, and Apple have all cut back on recruitment.
Alphabet boss Sundar Pichai, for example, informed employees last month that the company will slow down hiring for the remainder of the year due to global macroeconomic conditions, coming days after Facebook chief Mark Zuckerberg announced a 30% cut to hiring plans and warned workers to prepare for a "one of the worst downturns that we've seen in recent history".
It isn’t the first time chairman and co-founder has gone against Silicone Valley trends, something he is renowned for within the sector.
The group is also set to report its earnings on Monday.