SpaceX is laying off 10 percent of its 6,000-person workforce as it tackles two hugely expensive projects, the company said.
“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 Elon Musk-owned company said in the statement on Friday.
“Either of these developments, even when attempted separately, have bankrupted other organisations. This means we must part ways with some talented and hardworking members of our team.”
SpaceX has a booming business conducting uncrewed resupply trips to the International Space Station (ISS) through contracts with NASA. The company also delivers satellites to orbit through contracts with the US military and commercial firms.
via IANS