SpaceX Laying Off 10% of 6,000-Employee Workforce - Reports

© AP Photo / John RaouxA Falcon 9 SpaceX rocket launches from pad 39A at the Kennedy Space Center in Cape Canaveral, Fla., Monday, Aug. 14, 2017.
A Falcon 9 SpaceX rocket launches from pad 39A at the Kennedy Space Center in Cape Canaveral, Fla., Monday, Aug. 14, 2017. - Sputnik International
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WASHINGTON (Sputnik) - The private US aerospace company SpaceX is laying off ten percent of its 6,000-person workforce, media reported.

SpaceX CEO Elon Musk speaks after unveiling the Dragon V2 spacecraft in Hawthorne, California, US on May 29, 2014. - Sputnik International
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SpaceX will offer affected employees a minimum of eight weeks pay and other benefits, the Los Angeles Times reported on Friday citing a person familiar with the matter.

The company in a statement to the Times said the decision was necessary because to deliver for its customer it had to become a leaner operation.

READ MORE: Elon Musk Unveils SpaceX Starship Test Vehicle (VIDEO)

SpaceX earlier this month raised $273 million through preferred stock, CNBC reported on Friday, citing a filing with the US Securities and Exchange Commission.

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