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SpaceX cutting 10 percent of its staff to become a leaner company
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Jan 11, 2019 8:30 PM 2+ mon ago

by Eric Berger - Jan 12, 2019 1:30 am UTC

SpaceX will lay off up to 10 percent of its work force, the company said Friday evening. The company characterized the job cuts as "a strategic realignment" designed to ensure it is positioned to succeed for the long term.

The cuts were announced to employees Friday in an email from SpaceX President and Chief Operating Officer Gwynne Shotwell. The company has a work force of more than 6,000 employees.

"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 company official said in a statement. He continued:

Either of these developments, even when attempted separately, have bankrupted other organizations. This means we must part ways with some talented and hardworking members of our team. We are grateful for everything they have accomplished and their commitment to SpaceX's mission. This action is taken only due to the extraordinarily difficult challenges ahead ...

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