SpaceX lays off 10% of staff

  •   
  •   
  •   

Elon Musk’s rocket company SpaceX is laying off 10 per cent of its staff citing an uncertain future and extraordinarily difficult period ahead.

“To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based internet, SpaceX must become a leaner company,” the company said in a statement on January 11th. “Either of these developments, even when attempted separately, have bankrupted other organizations. This means we must part ways with some talented and hardworking members of our team.”

After the cut-backs SpaceX will have about 6000 staff on the payroll.

It is not yet clear whether it is Musk’s rocket division or his new ‘Starlink’ mega-satellite constellation where the cuts will fall.

Staff affected will receive at least 8 weeks pay plus other compensations.


  •   
  •   
  •   

You must be logged in to post a comment Login