SpaceX on Rumored Layoffs

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The SpaceX rumor mill has been grinding this week, suggesting the Hawthorne, Calif.-based company is having cashflow issues and had to let go some 10% of its workforce. Not sure of the current headcount, but with facilities in California, Florida, Texas, Virginia and Washington DC, they're up to 3000+ employees.

Below is SpaceX's statement regarding the workforce reduction, emailed to me by spokesman John Taylor in the wee hours of July 26 CET:

"There was an annual review cycle completed recently, along with some rebalancing of resources. Our resulting headcount reduction was less than 5%. SpaceX expects to see net-positive employee growth in 2014 of approximately 20%."

Discuss this Blog Entry 3

on Jul 26, 2014

So, like thousands of other companies this time of year they had performance reviews and cut the dead wood.

In addition they're rebalancing their workforce because what was in dev no longer is. Not only that but by years end they'll have increased their staff.

#makingmountainsofmolehills

on Jul 31, 2014

Now that his buddy Obama is a lame duck, Elon has to conserve cash to bribe our next President in 2016.

on Aug 16, 2014

Having marital problems? Car trouble? F-35 grounded? Have a hate management problem? It's Obama's fault.

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