Home » News & Blogs » SpaceX to Lay Off 10 Percent of Employees
Bookmark and Share
Parabolic Arc

SpaceX to Lay Off 10 Percent of Employees

12 Jan 2019, 23:42 UTC
SpaceX to Lay Off 10 Percent of Employees
(200 words excerpt, click title or image to see full post)

Elon Musk (Credit: SpaceX)
The Los Angeles Times reports that SpaceX will lay off 10 percent of its roughly 6,000 employees in an effort to become leaner.

“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 Hawthorne-based company said in a statement. “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.”

Even with SpaceX’s ramp-up of satellite launches — 21 in 2018, up from 18 the year before, and on Friday the first one of this year — it has occasionally cut its workforce. Last summer, the company fired some senior managers at the company’s Redmond, Wash., office because of disagreements over the pacing of the development and testing of its Starlink satellite program.

SpaceX makes most of its money from commercial and national security satellite launches, as well as two NASA contracts, one a multibillion-dollar deal to deliver cargo to the International Space Station and the other up to $2.6 billion to develop a capsule that will deliver astronauts to the space station. The first ...

Latest Vodcast

Latest Podcast

Advertise PTTU

NASA Picture of the Day

Astronomy Picture of the Day

astronomy_pod