SpaceX is reportedly laying off about 10% of its workforce

falcon 9 rocket launch space mission iridium next 5 march 30 2018 spacex 40227112595_c34a1cf8d1_o

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.

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

Here’s the statement SpaceX gave to the LA Times:

“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. 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.”

According to the LA Times,

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