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SpaceX, Elon Musk’s Rocket Company, Cuts 10 Percent of Its Work Force



SpaceX, the private company founded by billionaire Elon Musk, is firing around 10% of its workforce in what has been called a reduction needed to position the company for an unknown future.

The company will have approximately 6,000 employees remaining after the redundancies, which will take place at company level.

"To continue to provide our customers with the ability to develop interplanetary spacecraft and a global space-based Internet, SpaceX must become a leaner company," the company said in a statement. "One of these developments, even if tried separately, has bankrupted other organizations, which means we have to separate with some talented and hard-working members of our team."

The Los Angeles Times reported cuts for the first time , citing an & e-mail sent to employees by the company's president, Gwynne Shotwell. SpaceX offered at least eight weeks of pay and other benefits to those who had been dismissed, according to the newspaper.


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