SpaceX planning employee layoffs

Posted at 4:33 PM, Jan 11, 2019

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.