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SpaceX to lay off about 10 percent of its workforce: source

2019-01-12 11:00    Investing

SpaceX to lay off about 10 percent of its workforce: source Technology News

© Reuters. FILE PHOTO: The top of a replica Crew Dragon spacecraft is show at SpaceX headquarters in Hawthorne, California

By Kanishka Singh

(Reuters) - Elon Musk's SpaceX will lay off about 10 percent of its more than 6,000 employees, a source familiar with the matter said on Friday.

The company did not comment on the number of layoffs but said in emailed comments that it needs to become a "leaner" organization for which it would "part ways" with some of its workforce.

"To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, SpaceX must become a leaner company", a SpaceX spokesman said.

The layoffs were reported earlier by the LA Times.

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