SpaceX to sack 600 staff

Sunday Mail - - NEWS -

SPACEX will lay off 10 per cent of its roughly 6000 work­ers, an­nounc­ing yesterday it needs to be­come leaner to ac­com­plish am­bi­tious projects such as cre­at­ing a space­ship that can carry as­tro­nauts to Mars.

“This ac­tion is taken only due to the ex­traor­di­nar­ily dif­fi­cult chal­lenges ahead and would not oth­er­wise be necess- ary,” the com­pany said. The lay­offs were an­nounced to work­ers in an email from Pres­i­dent Gwynne Shotwell.

Elon Musk’s com­pany is fi­nan­cially healthy, re­cently val­ued at nearly $30 bil­lion. It has a lu­cra­tive busi­ness send­ing gov­ern­ment and com­mer­cial satel­lites into or­bit and sup­ply­ing the In­ter­na­tional Space Sta­tion.

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