Space station startup Vast cuts 4% of employees, saying they did not meet expectations in review cycle
Max Haot, the CEO of space station startup Vast. Sam Barnes/Sportsfile for Web Summit Qatar via Getty Images Space station startup Vast cut 4% of its employees this week, Business Insider has learned. The startup is building a commercial replacement for the International Space Station. A Vast spokesperson said the cuts were performance-related and the startup is looking to backfill them. Space station startup Vast has cut 4% of its workforce as the new space race heats up. The startup, which is developing a commercial replacement for the International Space Station (ISS), fired 46 employees on Wednesday, Business Insider has learned. The cuts come months after Vast raised $500 million in a funding round aimed at launching the world's first commercial space station in 2027. A spokesperson for the startup confirmed the cuts, which they said were performance-related. They added that the company was still hiring and had 277 open roles. "As part of our mid-year review cycle, Vast...
