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Elon Musk's SpaceX plans to fire 10 percent of the workforce



SpaceX, the rocket company led by Elon Musk, plans to fire about ten percent of its more than 6,000 employees, a spokesman said Friday.

The company said it will "break up" with some of its employees because of "extremely difficult challenges".

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"Delivering to Our Customers SpaceX needs to be a leaner company to successfully develop interplanetary spacecraft and a global, space-based Internet," the spokesperson said in an email , "Each of these developments, even when attempted separately, has bankrupted other organizations. This means we have to part with some talented and hard-working members of our team. "

Last month, SpaceX launched its first national security mission for the US military. He deployed a Falcon 9 rocket that carried a US $ 500 million state-owned satellite Lockheed Martin. It was the company's 21

st start in 2018.

However, this is not the first time that the company has cut jobs: in June, Musk fired seven members of the senior management team and reportedly had disagreements over the pace working on the Starlink satellites.

According to the Wall Street Journal, the company was planning to fund $ 500 million, increasing its value to $ 30.5 billion.

Musk also made headlines in his other company, Tesla, in June, when he cut nine percent of his workforce as part of an organizational restructuring aimed at cutting costs and increasing profits.

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The Hillary Vaughn of FOX Business has contributed to this article


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