SpaceX to lay off about 10 percent of its workforce: source

SpaceX to lay off about 10 percent of its workforce: source

© Reuters. FILE PHOTO: The SpaceX Falcon 9 rocket, scheduled to launch a U.S. Air Force navigation satellite, sits on Launch Complex 40 after the launch was postponed after an abort procedure was triggered by the onboard flight computer, at Cape Canaveral

By Kanishka Singh

(Reuters) – Elon Musk's SpaceX will lay off about 10 percent of its more than 6,000 employees, a source familiar with the matter said on Friday.

The company did not comment on the number of layoffs but said in emailed comments that it needs to become a "leaner" organization for which it would "part ways" with some of its workforce.

"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", a SpaceX spokesman said.

The layoffs were reported earlier by the LA Times.

Source: Investing.com — Read: Original Article

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