Astra Space to Cut 16% of Staff on ‘Challenging’ Environment
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Astra Space Inc. is eliminating 16% of its workforce and reallocating some capital as the launch provider grapples with worsening business conditions.
The company expects savings from the headcount reduction to be realized beginning in early 2023, according to a statement Tuesday that detailed third-quarter results. Astra is also redirecting near-term investments in its Space Services business to support growth of the Launch Services and Space Products operations.