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Astra Lays Off 16% of Workforce


After tripling their workforce over the course of the last year, Astra formally told investors on Tuesday that it laid off 16% of its workforce as part of a wider strategy to increase shrinking financial runway and decrease their expenses.

Astra also said it would reduce near-term investments in space services to grow its core businesses, specifically launch and spacecraft engines.

Astra ended the quarter with $151 million in cash, reporting $2.8 million in revenue from its spacecraft engines and a net loss of $199.1 million, and adding that it anticipates payroll savings from the layoffs to be evident during the first quarter of 2023.

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