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SpaceX Laying Off 10% of 6,000-Employee Workforce - Reports
SpaceX Laying Off 10% of 6,000-Employee Workforce - Reports
Sputnik International
WASHINGTON (Sputnik) - The private US aerospace company SpaceX is laying off ten percent of its 6,000-person workforce, media reported. 12.01.2019, Sputnik International
2019-01-12T02:17+0000
2019-01-12T02:17+0000
2022-08-06T12:29+0000
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SpaceX Laying Off 10% of 6,000-Employee Workforce - Reports
02:17 GMT 12.01.2019 (Updated: 12:29 GMT 06.08.2022) WASHINGTON (Sputnik) - The private US aerospace company SpaceX is laying off ten percent of its 6,000-person workforce, media reported.
9 January 2019, 05:06 GMT
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.
