Traders work on the floor of the New York Stock Exchange (NYSE) on December 08, 2021 in New York City.
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Satellite-imagery and data-analysis company Planet is restructuring and laying off 117 employees, it announced on Tuesday.
The layoffs affect about 10% of Planet’s approximately 1,000 employees.
“This action was taken to increase the company’s focus on its high priority growth opportunities and operational efficiency, which the company believes will further support its long term strategy and path to profitability,” Planet wrote in a securities filing.
Planet CEO Will Marshall, in a company-wide note on Tuesday morning, wro…
Read the full article at: https://www.cnbc.com/2023/08/01/planet-pl-lays-off-about-10percent-company-restructures.html