Astra trims workforce by 25%, reallocates engineers to combat depleting cash reserves

  • Astra has laid off 25% of its workforce and reallocated 50 engineers and manufacturing staff to focus on spacecraft production, possibly delaying Rocket 4 and Launch System 2.0 testing.
  • The layoffs and reallocations are expected to save Astra more than $4 million per quarter, as the company aims to reduce operating expenses and bolster its spacecraft engine business.
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