SpaceX planning employee layoffs - KSBY San Luis Obispo News
Ksby.com - Sat 12 Jan 06:11 GMT

SpaceX planning employee layoffs - KSBY San Luis Obispo News

SpaceX reportedly plans to lay off about ten percent of its employees.

  SpaceX reportedly plans to lay off about ten percent of its employees.

  The company confirmed the layoffs with the Los Angeles Times on Friday.

  This comes after SpaceX successfully launched a Falcon 9 rocket from Vandenberg Air Force Base Friday morning, delivering a payload of communication satellites for the Iridium company.

  However, a SpaceX spokeswoman reportedly told CNBC that the company sees “extraordinarily difficult challenges ahead” and therefore needs to “become a leaner company.”

  The LA Times reports that the company plans to offer up to eight weeks pay and other assistance to laid-off employees.