Palantir is a govt contractor. They need to be big to be heard and be in charge. They want to be Lockheed, Raytheon and Boeing. They can't be big without hiring tons of employees so they are hiring tons of employees.
Exactly. Government contracts don't require the number of people to get the job done. They require the number of people they SPECIFY are required (whether or not that number is correct) to get the job done. Translation: Government contracts are by their very nature overstaffed as fuck.
One of the things I've been reading is that quite a bit of their business seems to be shifting to their financial product from their government product. So I'm not sure how much their government business is still a major part of the company.
I don't think it's exactly that, but vaguely I get the same feeling. It's like if they are in the big league. Not being public IMHO it's a way of keeping a discreet profile more than anything else.
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Palantir is a govt contractor. They need to be big to be heard and be in charge. They want to be Lockheed, Raytheon and Boeing. They can't be big without hiring tons of employees so they are hiring tons of employees.
Exactly. Government contracts don't require the number of people to get the job done. They require the number of people they SPECIFY are required (whether or not that number is correct) to get the job done. Translation: Government contracts are by their very nature overstaffed as fuck.
Butts in seats baby, butts in seats.
One of the things I've been reading is that quite a bit of their business seems to be shifting to their financial product from their government product. So I'm not sure how much their government business is still a major part of the company.
I don't think it's exactly that, but vaguely I get the same feeling. It's like if they are in the big league. Not being public IMHO it's a way of keeping a discreet profile more than anything else.
That said, only time will tell.