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SpaceX plans to increase the flexibility and adaptability of the company by reducing the staff by 10%. According to the data of 2017, there were about 7 thousand employees in the company, which means that at least 700 of them will lose their jobs. SpaceX management promises to help former employees with job search and will pay an eight-month salary after being fired. The company has already resorted to staff reduction in previous years, which did not prevent the increase in production. Last year, SpaceX broke the record for 2017, having performed 21 launches instead of 18. Last summer several top managers of the company lost their jobs. The reason was the disagreement over the development and testing of the Starlink satellite program. In the framework of the new investment round, SpaceX's capitalization is estimated at $30.5 billion, which is three billion more than it was in April 2018.
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
Australia’s second-largest lender, Westpac Banking Corp. (WBC.AX), announced on Friday that it would pay AUD 8 Million ($5.5 Million) including interest to around 8,000 employees who have underpaid their long service leave entitlements ...
American Airlines Group Inc. stated on Wednesday that it plans to cut 30% of its management and support staff or almost 5,000 jobs because of the coronavirus outbreak. American and other airlines are scrambling to cut costs because of the ...
Thai Airways International Pcl (THAI.BK) may for all time diminish the quantity of airplane types it sends once the coronavirus pandemic, said a senior government official on Monday. Thai Airways is landing 69 of its 82 planes following a ...
Singapore Airlines Ltd (SIAL.SI) will decrease capacity by 96% and land almost all of its fleet, the carrier said on Monday, in reaction to the coronavirus travel restrictions it called the “greatest challenge” it had ever faced. The ...
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