Layoffs in tech have been the big story over the past several months now. Companies that aggressively hired during the early stages of the pandemic are now cutting costs as demand slows down and as the economy heads into a possible recession this year. But there's one business that is a notable exception to that trend: Palantir Technologies (NYSE: PLTR). The data analytics specialist known for its counter-terrorism software isn't just avoiding layoffs, it's planning to add staff this year.

With that said, here's a closer look at why you might want to have Palantir stock on your radar despite the broad sell-off in tech over the past year.

At the World Economic Forum in Davos, Palantir CEO Alex Karp said that it may hire a couple hundred workers this year, even as many tech companies continue to cut staff. That's not to say that it isn't a possibility down the road, as Karp noted, "Things could get much, much worse, and then of course everything's on the table."

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Source Fool.com