World Daily Layoffs Briefing, April 5, 2020
Posted on 04/05/2020
Astra
San Francisco-area Astra,
a company that builds rockets,
terminated around 30 employees, bringing the count from 150 people to 120 people.
However, the majority of the workers in the group were furloughed for three months.
Astra has raised capital from investors such as
Salesforce CEO Marc Benioff,
ACME Capital,
Airbus Ventures, and
Canaan Partners.
Rocket startup Astra trims staff to survive pandemic until next year
San Francisco-area rocket builder Astra cut its overall headcount to about 120 employees from about 150, a person familiar told CNBC.
Given Astra’s financial position, the person said the company’s leadership expects it has enough cash to last until the first quarter of next year.
The company also recently lost one of its rockets in a fire during testing, the person said, with Astra not expecting to attempt another launch for a few months.
AlluraTerre Haute,
Indiana-based Allura is a fiber cement siding company.
Allura disclosed layoffs will start now until June 2, 2020.
CliftonLarsonAllen and BDO USA
CliftonLarsonAllen LLP
is a major accountancy firm in the United States.
The accounting firm is reducing all compensation by 10% starting May 1, 2020.
BDO USA employees are also facing a paycut as well.
SWFI
https://www.swfinstitute.org/news/78670/swfi-daily-layoffs-briefing-april-5-2020