BREAKING NEWS

BREAKING NEWS

SpaceX to lay off about 10 percent of its workforce - source

SpaceX to lay off about 10 percent of its workforce - source
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MIKE BLAKE(Reuters)
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By Kanishka Singh

(Reuters) - Elon Musk's SpaceX will lay off about 10 percent of its more than 6,000 employees, a source familiar with the matter said on Friday.

The company did not comment on the number of layoffs but said in emailed comments that it needs to become a "leaner" organisation for which it would "part ways" with some of its workforce.

"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", a SpaceX spokesman said.

The layoffs were reported earlier by the LA Times.

(Reporting by Kanishka Singh and Supriya Roy in Bengaluru, Editing by Rosalba O'Brien)

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