cloudy.png
Monday November 30th, 2020 12:24PM

SpaceX to lay off 10 percent of workforce

By The Associated Press

HAWTHORNE, Calif. (AP) — SpaceX is laying off 10 percent of its roughly 6,000 workers, saying it needs to get leaner so it can succeed in enormous projects such as creating an interplanetary spacecraft.

The Los Angeles Times reports that the cuts were announced Friday in an email to employees of the Hawthorne, California-based company.

In a statement, Elon Musk's firm says it needs to trim costs in order to take on ambitious projects that would have bankrupted other organizations.

SpaceX has a healthy business launching government and commercial satellites into orbit — including a launch Friday from California — and delivering supplies to the International Space Station.

But SpaceX estimates it will need billions to build a spaceship capable of sending astronauts to Mars and a satellite system for global internet service.

  • Associated Categories: U.S. News, Associated Press (AP), AP National News, Top U.S. News short headlines, AP Business
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Jury decides to strip Mongols biker gang of trademark logo
Federal prosecutors say a California jury has decided the Mongols motorcycle gang should be stripped of its trademarked logo
8:37PM ( 33 minutes ago )
Rookie cop following in dad's footsteps shot at crash scene
Authorities say a police officer who had been on the job only a few weeks was shot and killed by a suspect who opened fire as she was investigating a three-car crash
8:36PM ( 34 minutes ago )
Wisconsin man arrested in teen's abduction, parents' deaths
Authorities say a 21-year-old unemployed man shot a Wisconsin couple to death in a scheme to kidnap their 13-year-old daughter, holding her captive for three months in an isolated north woods town before she managed to escape.
8:35PM ( 35 minutes ago )
U.S. News
Saudi woman fleeing alleged abuse heads for asylum in Canada
A Saudi woman fleeing alleged abuse by her family has left Bangkok for asylum in Canada
8:43PM ( 26 minutes ago )
Poland: Huawei exec, Polish security expert spied for China
Poland has arrested a Chinese businessman who was a director at tech firm Huawei and a former Polish cybersecurity expert for allegedly spying on Poland for China
8:37PM ( 32 minutes ago )
Judge orders reinstatement of girls' prep basketball player
Alabama judge orders reinstatement of suspended girls' prep basketball player
8:34PM ( 35 minutes ago )
Associated Press (AP)
California governor brings personal touch, fresh focus
California Gov. Gavin Newsom has quickly jumped into governing the nation's most populous state
7:17PM ( 1 hour ago )
Judge: Women would lose birth control coverage under rules
A U.S. judge said a substantial number of women would lose free birth control coverage under new rules by the Trump administration that allow more employers to opt out of providing the benefit
7:08PM ( 2 hours ago )
As workers miss paychecks, shutdown set to hit record length
Federal workers get pay statements offering nothing but zeroes, the most tangible and painful sign yet of a three-week partial government shutdown that has paralyzed Washington and is sure to become the longest closure in U.S. history.
7:05PM ( 2 hours ago )
AP Business
Jury decides to strip Mongols biker gang of trademark logo
Federal prosecutors say a California jury has decided the Mongols motorcycle gang should be stripped of its trademarked logo
8:37PM ( 33 minutes ago )
Rookie cop following in dad's footsteps shot at crash scene
Authorities say a police officer who had been on the job only a few weeks was shot and killed by a suspect who opened fire as she was investigating a three-car crash
8:36PM ( 34 minutes ago )
Wisconsin man arrested in teen's abduction, parents' deaths
Authorities say a 21-year-old unemployed man shot a Wisconsin couple to death in a scheme to kidnap their 13-year-old daughter, holding her captive for three months in an isolated north woods town before she managed to escape.
8:35PM ( 35 minutes ago )
Federal workers get $0 pay stubs as shutdown drags on
Families are making tough decisions as 800,000 federal employees miss their first paycheck Friday because of the government shutdown
7:40PM ( 1 hour ago )
Democratic Hawaii Rep. Gabbard running for president in 2020
Democratic Rep. Tulsi Gabbard of Hawaii has announced that she is running for president in 2020
7:33PM ( 1 hour ago )