Planet Labs Layoffs 2024: What to Know About the Latest Planet Job Cuts
PLPlanet Labs PBC(PL) Investor Place·2024-07-01 23:20

Planet Labs (NYSE:PL) layoffs are a hot topic on Monday as the geospatial data satellite company cuts jobs. A filing with the Securities and Exchange Commission (SEC) reveals that the Planet Labs layoffs will affect a total of 180 employees. That represents 17% of the satellite company’s workers. Planet Labs notes that it expects to suffer one-time charges of 9.5millionto9.5 million to 10.5 million connected to these layoffs. It expects these charges to occur during the second quarter of fiscal 2025. It also plans fo ...