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SpaceX had to lay off 10 percent of workforce

(Reuters) – Elon Musk of rocket company SpaceX will be the reduction of the workforce by about 10 percent of the company’s more than 6,000 employees, said on Friday.

FILE PHOTO: SpaceX headquarters is shown in Hawthorne, California, USA September 19, 2018. REUTERS/Mike Blake

The company said it will “weigh” with a number of its manpower, citing “extraordinarily difficult challenges for the future.”

“To continue to deliver for our customers and to succeed in the development of interplanetary spacecraft and a global space-based Internet, SpaceX, a slimmed-down company. One of these developments, even when tried individually, bankrupt other organisations,” a spokesman said in an e-mail.

In June, Elon Musk fired at least seven people in the senior management team of the lead of a SpaceX satellite launch project, Reuters reported in November. The flashes were related to disagreements over the pace at which the team was the development and testing of the Starlink satellites.

SpaceX’s Starlink program is to compete with OneWeb, and Canada’s Telesat, the first on the market with a new satellite-based internet service.

The management shakeup involved Musk to bring in the new managers of the SpaceX headquarters in California for the replacement of a number of the managers he fired in Seattle.

Last month, SpaceX launched its first U.S. national security space mission, when a rocket from SpaceX, the wearing of an AMERICAN military satellite navigation system blasted off from Florida’s Cape Canaveral.

In December, the Wall Street Journal reported that SpaceX is raising $500 million, with the valuation of $30.5 billion.

The Hawthorne, California-based company had previously outlined plans for a trip to Mars in 2022, which will be followed by a manned mission to the red planet by 2024.

Another Elon Musk company, electric car maker Tesla Inc., said in June it was cutting 9 percent of the workforce by removing some of the thousands of jobs throughout the company in cost saving measures.

Reporting by Kanishka Singh and Supriya Roy in Bengaluru; Editing by Rosalba O’brien and Sandra Maler

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