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SpaceX Reportedly Laying Off 10% Of Workforce

Credit: Wochit Business
Published 6 days ago - Duration: 00:33s

SpaceX Reportedly Laying Off 10% Of Workforce

SpaceX, the rocket company owned by Elon Musk, will lay off about 10% of its employees, the Los Angeles Times reported on Friday citing an unnamed source.

The company has more than 6,000 employees and has been working rapidly to build and start testing a prototype of its brand-new rocket system.

The layoffs come less than a month after SpaceX announced plans to raise another $500 million in investment funding.

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