Overview

• Palantir posted over $1 billion in second-quarter revenue for the first time in its history.
• CEO Alex Karp said university credentials no longer matter once employees join and introduced a performance-based internal credential.
• The Meritocracy Fellowship was launched this spring to recruit technical talent without college degrees.
• Karp asserted that non-degree employees often generate equal or greater value using Palantir’s products compared to degree holders.
• The company aims to grow revenue tenfold while cutting headcount from about 4,100 to 3,600 under its new efficiency plan.