Astra Layoffs
August 2023
Astra announced a layoff affecting 0 employees (25% of its workforce) in August 2023. The company operates in the Sales sector.
0
25%
Aug 4, 2023
About
In August 2023, space company Astra laid off 25% of its workforce as part of a strategic shift to conserve cash and focus on its spacecraft engine business. The layoffs, affecting employees in launch, sales, administration, and shared services, are expected to save over $4 million per quarter starting in Q4 2023. With dwindling cash reserves—reportedly around $26 million—and limited near-term revenue prospects, Astra is reallocating at least 50 engineers to spacecraft production, which has secured around $77 million in contracts. This move will delay testing of its Rocket 4 and Launch System 2.0. The company is also seeking additional capital through financial advisors and a recent debt sale to sustain operations.
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