Aerospace startup announces layoffs after unsuccessful spacecraft project
True Anomaly, an aerospace startup that was founded in 2022, has announced layoffs that will reduce the company’s workforce by a quarter. The layoffs come as True Anomaly recently received $100 million in funding, and signed a new contract with the United States Space Force for the development of a spacecraft for the Victus Haze tactically responsive mission. The contract is worth $30 million, and the company stated that the layoffs will not impact its ability to complete its contracts. True Anomaly suffered a setback earlier this month after its Jackal spacecraft that was launched into the Earth’s lower orbit lost connection with the company. True Anomaly stated that it could not verify if the Jackal spacecraft was still functioning.
See "Aerospace startup announces layoffs after unsuccessful spacecraft project", Sandra Erwin, Space News, April 25, 2024