Report: SpaceX to lay off 10% of workforce – SpaceX (Private:SPACE)

SpaceX (SPACE) will lay off about 10% of its 6,000-employee workforce, the Los Angeles Times reports.

The company acknowledged it was making cutbacks, and an employee email sent by President Gwynne Shotwell says the company is offering at least eight weeks’ pay and other benefits, according to the report.

Earlier this month the company said it had sold $227M in shares and raised $273M total in equity and other securities, part of a $500M funding round.

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