More than 1,000 of the company’s internal emails and documents were obtained by BuzzFeed, which reported today that high-profile customers had stopped working with Palantir due to exorbitant fees—sometimes more than $1 million a month—and disappointment with its services.
And that’s not all:
• More than 100 employees left Palantir this year alone, prior to April 15.
• On April 22, CEO Alex Karp gave a 20% raise to all employees who have worked at Palantir for 18 months or longer.
• Karp then put the kibosh on performance reviews because “the current system wasn’t working,” according to BuzzFeed.
• Though Palantir claimed it brought in “bookings” valuing $1.7 billion last year, that only translated to $420 million in revenue.