SpaceX to lay off 10 percent of workforce

In this file photo taken on July 22, 2018, SpaceX, Tesla and The Boring Company founder Elon Musk attends the 2018 SpaceX Hyperloop Pod Competition in Hawthorne, California. (AFP)
Updated 12 January 2019
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SpaceX to lay off 10 percent of workforce

  • The announcement came as SpaceX on Friday launched a Falcon 9 rocket from Vandenberg Air Force Base in California carrying 10 communications satellites

LOS ANGELES: SpaceX plans to lay off 10 percent of its more than 6,000 employees, a source familiar with the decision said on Friday.
“To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, SpaceX must become a leaner company,” the California-based company, headed by Elon Musk, said in a statement to AFP.
“Either of these developments, even when attempted separately, have bankrupted other organizations,” it added.
“This means we must part ways with some talented and hardworking members of our team.”
It added that the trim down was “only due to the extraordinarily difficult challenges ahead.”
Citing an email sent to employees on Friday, the Los Angeles Times said the company was offering those affected a minimum of eight weeks’ pay and other benefits, including career coaching and resume assistance.
The announcement came as SpaceX on Friday launched a Falcon 9 rocket from Vandenberg Air Force Base in California carrying 10 communications satellites.
Founded by Musk, SpaceX makes most of its money from multibillion dollar contracts with NASA and satellite launches.
SpaceX in November won authorization from US officials to put nearly 12,000 satellites into orbit in order to boost cheap, wireless Internet access by the 2020s.
The Wall Street Journal reported last month that the company was raising $500 million from investors to help launch its satellite Internet service.


SAR, Huawei partner to develop smart railway in KSA

Dr. Bashar Al-Malik, CEO of SAR, and Dennis Zhang, CEO of Huawei Tech Investment Saudi Arabia, signed the memorandum of understanding. (Spplied)
Updated 1 min 9 sec ago
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SAR, Huawei partner to develop smart railway in KSA

Saudi Railway Company (SAR) has selected Huawei, a global provider of information and communications technology (ICT), as a partner to initiate smart railway and digital transformation in the Kingdom.
The companies signed a strategic memorandum of understanding to initiate their partnership during a ceremony held recently at SAR. Dr. Bashar Al-Malik, CEO of SAR, and Dennis Zhang, CEO of Huawei Tech Investment Saudi Arabia, signed  the agreement.
Through their new partnership, SAR and Huawei will work together to jointly design and innovate in the field of smart railway, including the application of a next-generation railway wireless network, Internet of Things, artificial intelligence, cloud services and 5G across SAR’s railway network.
The collaboration will also include training and knowledge transfer for innovative railway ICT solutions, which will enable SAR to provide a distinctive, high quality and reliable railway service across the Kingdom.

HIGHLIGHTS

The Huawei ICT Roadshow 2019 showcases some of the most influential, cutting-edge technologies and solutions that are at the heart of the digital transformation era.

Additionally, Huawei established its ICT roadshow at SAR’s headquarters. The Huawei ICT Roadshow 2019 showcases some of the most influential, cutting-edge technologies and solutions that are at the heart of the digital transformation era. These include artificial intelligence-enabled ICT infrastructure, all-flash storage, Wi-Fi 6, campus network, cloud data center, software-defined wireless area network (WAN), active-active disaster recovery, and intelligent video surveillance.
Zhang said: “We are looking forward to working with SAR to develop a unique smart railway system that will be designed specifically to the needs of the Kingdom. This is a major infrastructure project that will have a significant impact on the country, and we are honored to have been selected as a partner to bring our technology into making this vision a reality.”