Astra Layoffs
April 2020
Astra announced a layoff affecting 40 employees (25% of its workforce) in April 2020. The company operates in the Sales sector.
40
25%
Apr 5, 2020
About
Astra, a San Francisco-area rocket startup in the aerospace industry, reduced its workforce last month, cutting overall headcount from about 150 to roughly 120 employees—a reduction of approximately 20%. This move involved a mix of furloughs and a few permanent layoffs, primarily to conserve cash amid delays caused by the coronavirus pandemic. The company, which has raised around $100 million from investors, now expects its funds to last only until the first quarter of the next year. Compounding its challenges, Astra recently suffered a significant setback when a fire during testing in Alaska destroyed one of its rockets, delaying further launch attempts for months. The pandemic has also strained its customer contracts, with about half looking to renegotiate or withdraw.
Source
View Sourcewww.cnbc.comMore Sales Layoffs
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