Satellite startup Planet lays off 10% of its workforce, most located in San Francisco
According to a filing to the SEC yesterday, the smallsat startup Planet has laid off 10% of its workforce, 117 employees of which 85 are located in San Francisco, in order “to prioritize our attention on the highest ROI [return on investment] opportunities for our business and mission,” as expressed by the company’s CEO to his employees.
The company presently operates a constellation of more than 200 small satellites designed to provide high resolution imagery of the Earth. In late 2021 it went public through a merger with a SPAC (special purpose acquisition company), and has since seen its stock price drop from $11.35 to $3.75 yesterday.
The layoffs this week are likely simply the company recognizing that its main office in San Francisco had become bloated and it needed to economize. It is even possible the company is now considering a move from San Fran and California, though this is not mentioned in any of its announcements.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
According to a filing to the SEC yesterday, the smallsat startup Planet has laid off 10% of its workforce, 117 employees of which 85 are located in San Francisco, in order “to prioritize our attention on the highest ROI [return on investment] opportunities for our business and mission,” as expressed by the company’s CEO to his employees.
The company presently operates a constellation of more than 200 small satellites designed to provide high resolution imagery of the Earth. In late 2021 it went public through a merger with a SPAC (special purpose acquisition company), and has since seen its stock price drop from $11.35 to $3.75 yesterday.
The layoffs this week are likely simply the company recognizing that its main office in San Francisco had become bloated and it needed to economize. It is even possible the company is now considering a move from San Fran and California, though this is not mentioned in any of its announcements.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Bob you need another’f’ in the title
Chris: Thank you. Fixed.