Planet Labs Layoffs 2024: What to Know About the Latest Planet Job Cuts

Planet Labs (NYSE:PL) layoffs are a hot topic on Monday as the geospatial data satellite company cuts jobs. Planet Labs notes that it expects to suffer one-time charges of $9.5 million to $10.5 million connected to these layoffs. It expects these charges to occur during the second quarter of fiscal 2025. It also plans for the layoffs to be complete by the end of Jan. 31, 2025. Planet Labs says the following about the headcount reductions in its SEC filing. PL stock is down 3.2% as of Monday morning. The sto ...