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SpaceX is laying off 10 percent of its workforce

The Verge Saturday, 12 January 2019
SpaceX is laying off 10 percent of its workforceSpaceX will lay off 10 percent of its workforce, immediately following its first successful rocket launch of the year for satellite maker Iridium. The news, first reported by the Los Angeles Times and confirmed by SpaceX, suggests the company is under some financial pressure as it attempts to get two ambitious projects off the ground.

More than 6,000 people work at SpaceX, according to the company’s website. It’s not clear which SpaceX divisions may have been affected. The company faces a busy year: testing its Crew Dragon for flying astronauts to the International Space Station, launching two Falcon Heavies, deploying its first Starlink satellites, and starting tests on its Mars-bound Starship.

"More than 6,000 people work at SpaceX"

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News video: Musk's SpaceX Will Layoff Ten Percent Of Its Workforce

Musk's SpaceX Will Layoff Ten Percent Of Its Workforce 00:33

SpaceX is the rocket company owned by Elon Musk. Business Insider and the LA Times reports SpaceX will lay off about 10% of its employees. The LA Times reported the story Friday, citing an unnamed source. The company has more than 6,000 employees. It has been working rapidly to build and start...

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