Australia Markets open in 9 hrs

SpaceX will lay off hundreds to 'become a leaner company'

Devin Coldewey
SpaceX will lay off hundreds to 'become a leaner company'

SpaceX plans to lay off approximately 10 percent of its workforce in order to manage its costs, the company confirmed to TechCrunch today. First reported by Ars Technica's Eric Berger, the news comes as the company embarks on an ambitious plan to develop and test an interplanetary spacecraft while simultaneously performing frequent orbital launches. 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.