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The competition heats up: In an effort to cut its costs, ULA has announced that it is laying off 375 workers.
The job cuts are not because the company is having financial troubles, but because they need to lower their launch prices to compete with SpaceX.They have always had some fat that could be trimmed but have not done so because, before SpaceX, there was no effort in the launch industry to cut costs. SpaceX, and some good healthy competition in a free market, is now forcing this upon everyone.