Palantir CEO predicts hiring while preparing for economic slowdown

Palantir has clinched more business following Russia's war with Ukraine, selling software to visualize an army's positions as well as help enterprises vet their supply chains or reduce costs. Still, its stock is down more than 50 percent in the past year like other tech companies.

Economists surveyed by the World Economic Forum largely expect a recession this year.

Asked about potential cuts, Karp said Palantir was doing well in the United States, United Kingdom and Canada while evaluating spend in slower markets.

"Things could get much, much worse, and then of course everything's on the table," Karp said.

The economy already is pinching Palantir's customers. Karp said one of clients' top-ten priorities was reducing what they were spending on cloud-computing, and Palantir was partnering with Cloudflare Inc to monitor such usage.

"They're under enormous cost pressure. This is just a huge cost center, and they need to find ways to do the same things cheaper," he said. The top cloud providers are Amazon, Microsoft and Google, though Karp said his company is "cloud agnostic."