Jan 12 - Elon Musk’s SpaceX to layoff 10 percent of workforce


section   (0 bx goons and 1 bystanders) Share this on Twitter       Share this on Facebook

 3 months ago '06        #1
144 page views

RAZAH CUTS 6516 heat pts6516
avatar space
$58,935 | Props total: 34549 34549
Jan 12 - Elon Musk’s SpaceX to layoff 10 percent of workforce


Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday.

The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges 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. Either of these developments, even when attempted separately, have bankrupted other organizations”, a spokesman said in an email.

In June, Elon Musk fired at least seven people in the senior management team leading a SpaceX satellite launch project, Reuters reported in November. The firings were related to disagreements over the pace at which the team was developing and testing its Starlink satellites.

SpaceX’s Starlink program is competing with OneWeb and Canada’s Telesat to be the first to market with a new satellite-based internet service.

The management shakeup involved Musk bringing in new managers from SpaceX headquarters in California to replace a number of the managers he fired in Seattle.

Last month, SpaceX launched its first U.S. national security space mission, when a SpaceX rocket carrying a U.S. military navigation satellite blasted off from Florida’s Cape Canaveral.

In December, the Wall Street Journal reported that SpaceX was raising $500 million, taking its valuation to $30.5 billion.

The Hawthorne, California-based company had earlier outlined plans for a trip to Mars in 2022, to be followed by a manned mission to the red planet by 2024.

Another Elon Musk company, electric car maker Tesla Inc, said in June it was cutting 9 percent of its workforce by removing several thousand jobs across the company in cost reduction measures.

Reporting by Kanishka Singh and Supriya Roy in Bengaluru; Editing by Rosalba O’Brien and Sandra Maler

visit this link https://www.rawstory.com/ .. ent-workforce/

1 comments for "Jan 12 - Elon Musk’s SpaceX to layoff 10 percent of workforce"

 3 months ago '07        #2
Wilder GOAT 273 heat pts273
avatar space
$9,435 | Props total: 3513 3513
well yea he has robot slaves and stuff..




most viewed right now
online now  44
Are you genius enough to solve Einsteins riddle without cheating?
23 hours ago
most viewed right now
online now  21
Apr 16 - positive drug tests hit a 14 year high
2 days ago
most viewed right now
+18online now  16
Image(s) inside T.I. Says He Gonna End Kodak Black’s Career Like He Did To Lil Flip
24 hours ago
most viewed right now
+22online now  13
NBA People Are Telling Ty Lue & Monty William's To Stay Away From Lakers Coach..
19 hours ago
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy