SpaceX announces it’s cutting 10 percent of its workforce – KXXV News Channel 25 - http://www.straittalk.co.za | make money onlineJanuary 12, 2019 12:59 am
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Categorised in: Breaking Financial News
The message employees received Friday afternoon included a statement from Gwynne Shotwell, President and COO of SpaceX.
“This is a difficult day and I appreciate everyone’s patience as we navigate the road ahead. As announced in today’s all-hands, to ensure we are in a financial position to reach our long-term goals, SpaceX will be saying goodbye to roughly 10 percent of our employees. This was a difficult but very necessary decision.”
The statement went on to say impacted employees will receive at least eight weeks pay and other benefits, as well as assistance in securing other employment.
It’s not yet known if any employees at the McGregor facility will be impacted. Employees across the company are expected to learn their future with SpaceX by Jan. 12.
SpaceX is a private aerospace and exploration company that was founded in 2002. The company has conducted thousands of rocket engine tests in Central Texas since 2003.
The facility is known by Central Texas Residents for the infrequent and sudden rumbles that originate from the facility that feel and sound like thunder for lengthy periods. Most of them without warning.
The 4,300-acre site in McGregor employs more than 300 according to a 2016 story in the Waco Tribune-Herald.
SpaceX was founded in 2003 by entrepreneur Elon Musk Nd employs approximately 7,000 worldwide.
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