According to Business Insider, SpaceX plans to lay off 10-percent of its workforce.
The company employees about 6,000 people, and the lay offs are expected to affect at least 577.
The cuts are expected to save the company about $100 million per year.
Those jobs will be cut from the company's headquarters by March 12th.
SpaceX confirmed the lay offs, adding that they come ahead of extraordinarily difficult challenges.