XCOR Aerospace lays off employees
Posted: Sun, Jul 9, 2017, 7:49 AM ET (1149 GMT)
XCOR Aerospace has laid off its remaining employees, but investors and management are still trying to keep the company alive. The company's acting CEO said July 5 that XCOR terminated its employees last Friday, citing "adverse financial conditions," but will retain a small number of critical employees as contractors. The company laid off nearly half of its workforce last year as it suspended work on a suborbital spaceplane to focus on a engine development contract. XCOR is "actively seeking other options" to keep at least some of the company's projects alive.
XCOR Aerospace has laid off its remaining employees, but investors and management are still trying to keep the company alive. The company's acting CEO said July 5 that XCOR terminated its employees last Friday, citing "adverse financial conditions," but will retain a small number of critical employees as contractors. The company laid off nearly half of its workforce last year as it suspended work on a suborbital spaceplane to focus on a engine development contract. XCOR is "actively seeking other options" to keep at least some of the company's projects alive.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
New Virgin Galactic spaceplane arrives at Spaceport America
Posted: Sat, Oct 31 10:38 AM ET (1438 GMT) |
|
news links
|
|
Monday, November 2
Forum: Springs’ space future is bright without Space Command
Colorado Springs Gazette — 5:37 am ET (1037 GMT) S. Korea's Air Force to participate in U.S.-led space war game for 1st time
Yonhap News — 5:35 am ET (1035 GMT) The growing threats that make the Space Force essential
Washington Examiner — 5:33 am ET (1033 GMT) Lawfare against Elon Musk could affect the Artemis program
The Hill — 5:26 am ET (1026 GMT) Southland's global space company won't write down military policy
The Southland App (NZ) — 5:25 am ET (1025 GMT) |
