Elon Musk's SpaceX said Friday it will cut about 10% of its workforce of about 6,000 people. Bloomberg News reported Sunday that the cuts would include about 577 positions at the rocket company's headquarters in Hawthorne, Calif. The company said it was financially healthy, but needed to trim fat in order for its ambitious plans to ultimately succeed. "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," the company said in a statement Friday, according to Reuters. SpaceX launched a company record 21 missions in 2018, but is expected to launch fewer this year amid a slowdown in satellite-industry orders.
Why exactly? Collateral Secured? Elon Musk Hawks Houses After Boring Tears SpaceX New Hole
No surprise here
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Source: CNBC - 🏆 12. / 72 Read more »