Company says it needs to be “leaner” to accomplish ambitious goals.
SpaceX plans to lay off 10 percent of its 6,000-employee workforce, citing a need to be a “leaner company” to meet its ambitious goals.
Elon Musk’s company maintains it’s financially strong but needs the staff reductions to ensure it can accomplish long-term goals of deploying satellite-based broadband service and transporting humans to other planets.
“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,” the company said in a statement Friday. “Either of these developments, even when attempted separately, have bankrupted other organizations. This means we must part ways with some talented and hardworking members of our team.”
“We are grateful for everything they have accomplished and their commitment to SpaceX’s mission,” the company continued. “This action is taken only due to the extraordinarily difficult challenges ahead and would not otherwise be necessary.

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