Company: SATLW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001628280-25-014951
Chunk: 97

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 97
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 vertical integration across design, manufacturing and operations produces efficiencies up and down the value chain, which allows us to reduce intermediary costs, control quality and scale up more quickly. 

Human Capital 

As of December 31, 2024, we had 137 full-time employees globally, which includes 73 employees in Argentina (mostly involved in R&D, finance, and accounting), 28 in Spain, 21 in Uruguay (mostly involved in manufacturing), 11 in the U.S. and 4 in other countries. In the second quarter of 2024 we undertook substantial cost control measures which included workforce reductions of approximately 107 full-time employees.

We have always focused on attracting and retaining the best talent with the highest possible cultural alignment. Our geographically-distributed nature is a core tenet that reaches back to the earliest days of Satellogic; well in advance of the rise of work-from-home arrangements in recent years. Our diverse group of employees earnestly shares these common values: 

•Get it done. Our relentless commitment to hold ourselves accountable and deliver true value. 

•Be purpose driven. Our intrinsic motivation to make the impossible possible. 

•Never stop learning. Be intellectually curious, open-minded, and learn from others. 

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•Push the limits. Challenge the status quo, leave your comfort zone and tackle impossible challenges. 

•Go beyond ego. Be humble, honest and, empathetic and build together for our company, our community and our planet. 

At Satellogic, these values precede traditional performance measures when assessing a person’s fit with us. Our vision inherently challenges conventions, and thus requires a special kind of spirit not only to succeed, but even to take on these challenges in the first place. This approach to human capital has enabled us to grow while keeping our core spirit and sense of purpose throughout the twists and turns of our life cycle. 

We are committed to developing all of our people in different dimensions, including programmatic leadership, people leadership, business leadership and technological leadership. We actively promote a trust-based organization and a safe environment for risk taking by providing effective mentorship and expecting people to “disagree and commit”. 

During the early years of our company, the founders and the senior leaders were the torchbearers of these values and culture, but our expectation is that every leader, which is to say every employee, subscribes to and lives by these values every day. 

None of our employees are represented by a labor union, though in some countries our employees may be subject to