Astra Layoffs
November 2022
Astra announced a layoff affecting 0 employees (16% of its workforce) in November 2022. The company operates in the Sales sector.
0
16%
Nov 8, 2022
About
Astra, a space launch and propulsion company, has laid off approximately 16% of its workforce due to the challenging economic climate. The decision, announced by CEO Chris Kemp, aims to prioritize near-term goals, such as developing reliable Astra Spacecraft Engines and achieving a successful first flight of Rocket 4, while extending the company's financial runway. The layoffs, which occurred this week, affect dedicated employees who are being offered transition benefits including salary continuation, severance, and outplacement services. Astra emphasizes the ongoing importance of its vertically integrated space services amid global economic and supply chain disruptions.
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