22 May 2019

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Interesting fact
12 Jan  2019 736

SpaceX fires 10 percent of staff

Elon Musk’s rocket company SpaceX reduces its workforce to become more effective.

According to Reuters, the company released a statement where it said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.”

“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. Either of these developments, even when attempted separately, have bankrupted other organizations”, states the company.

In June, Elon Musk fired at least seven people in the senior management team leading a Starlink program satellite launch project.

Another Elon Musk company, electric car maker Tesla Inc, said in June it was cutting 9 percent of its workforce by removing several thousand jobs across the company in cost reduction measures.

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