SpaceX to fire 10% of staff, bracing for 'extraordinarily hard times ahead'

Roman Schwartz
January 14, 2019

The company has two NASA contracts, a multibillion-dollar deal to deliver thousands of pounds of cargo to the International Space Station, and competes for military launch contracts. The company said it will "part ways" with some of its manpower, citing "extraordinarily hard challenges ahead". "Either of these developments, even when attempted separately, have bankrupted other organisations", a spokesman said in an email, reported Reuters.

Citing an email sent to employees last Friday, the Los Angeles Times said the company was offering those affected a minimum of eight weeks' pay and other benefits, including career coaching and resume assistance. "This means we must part ways with some talented and hardworking members of our team", the company said.

The news of the layoffs came after SpaceX's first successful launch of 2019 from Vandenberg Air Force Base in California on Friday morning. In December, it launched its first United States national security space mission from Cape Canaveral, Florida. The first uncrewed test flight was delayed due to the partial government shutdown and is slated for some time in February.

He unveiled a steel-clad test flight prototype of the rocket, called Starship, this week.

The company is also heavily investing in several different research and development programs.

Scott misses cut but Leishman looks a threat in Hawaii
At the 417-yard par-4 16th, after his drive went to the fairway bunker Smith stuck his next shot close and carded a birdie. He at least made the cut, more than could be said for Jordan Spieth, who missed by a stroke despite a 66 for one-under.

As you know, the company SpaceX is developing a spacecraft Starship and a giant Super Heavy rocket to fly people to the moon and back, to Mars, and in General throughout the Solar system.

SpaceX Chief Operating Officer, Gwynne Shotwell, said in a TED Talk a year ago that she expects deploying Starlink constellation satellites to cost $10 billion or more.

SpaceX has recently been raising a new $500 million funding round that would value the company at an estimated $30 billion.

Assuming that the company now employs more than 6,000 people, a 10 percent cut would amount to 600 jobs.

SpaceX is getting ready to embark on its most historic achievement yet, as it prepares to test launch its astronaut spacecraft, the Crew Dragon, at Kennedy Space Center's launch pad 39A.

Other reports by

Discuss This Article