https://layoffcheck.com/companies/planet Layoff and WARN notices reported for Planet. en-us https://layoffcheck.com/companies/planet#2024-06 https://layoffcheck.com/companies/planet#2024-06-743 Wed, 26 Jun 2024 12:00:00 GMT Planet announced on June 26, 2024 that it would cut 180 employees, or 17% of its workforce, as the satellite imaging company worked to bring costs in line with its path to profitability. The San Francisco Bay Area company expected to record $9.5 million to $10.5 million in severance and termination charges from the reductions. It was the second significant cut in under a year: Planet had already trimmed roughly 10% of staff in July 2023, when CEO Will Marshall cited the need to "prioritize our attention on the highest ROI opportunities" following rapid headcount growth from a SPAC merger. Despite the latest round, management did not revise financial guidance. Planet reported record Q1 FY2025 revenue of $60.4 million but a net loss of $29.3 million, and said it was targeting adjusted EBITDA profitability by the fourth fiscal quarter. https://layoffcheck.com/companies/planet#2023-08 https://layoffcheck.com/companies/planet#2023-08-1517 Tue, 01 Aug 2023 12:00:00 GMT Planet reported a workforce reduction in SF Bay Area in August 1, 2023.