Planet cuts 10% work force, read CEO Will Marshall’s email to employees on job cuts

Satellite imagery provider Planet is cutting 10% of its workforce, equivalent to 117 jobs, as it aims to boost revenue during the ongoing downturn. CEO Will Marshall said the redundancies were the result of a review of company finances. Planet went public 18 months ago, and expanded by building teams and taking on new projects. Marshall said the company will focus on the highest ROI opportunities, while seeking greater efficiencies and battling the macroeconomic environment. Each division lead is preparing to send an email detailing changes to teams.

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