SpaceX reportedly plans to lay off about ten percent of its employees.
The company confirmed the layoffs with the Los Angeles Times on Friday.
This comes after SpaceX successfully launched a Falcon 9 rocket from Vandenberg Air Force Base Friday morning, delivering a payload of communication satellites for the Iridium company.
SpaceX also has a few projects in the works, including an upcoming test of its Crew Dragon spacecraft designed to carry astronauts to the International Space Station.
However, a SpaceX spokeswoman reportedly told CNBC that the company sees “extraordinarily difficult challenges ahead” and therefore needs to “become a leaner company.”
The LA Times reports that the company plans to offer up to eight weeks pay and other assistance to laid-off employees.
SpaceX says on its website that it employs more than 6,000 people.
