SpaceX to lay off about 10% of its workforce ‘due to the extraordinarily difficult challenges ahead’
|01/14/2019||Posted by BusinessMediaguide.Com under General World News||
- SpaceX, the rocket company owned by Elon Musk, will lay off about 10% of its employees, the Los Angeles Times reported on Friday, citing an unnamed source.
- SpaceX confirmed the layoffs, citing the “extraordinarily difficult challenges” of developing a new interplanetary spacecraft and launching a global satellite internet network.
- A document filed by SpaceX with the state of California suggests at least 577 people at the company’s headquarters will lose their jobs on March 12.
- The company has more than 6,000 employees and raised more than $1 billion in 2018.
SpaceX, the rocket company owned by Elon Musk, read more >>>