Virgin Orbit is laying off nearly all of its staff and reportedly ceasing operations"for the foreseeable future."an operational pause on March 16 as it worked to secure additional cash.
On Thursday, the company disclosed that it would cut 675 employees, or approximately 85% of its workforce, in aCNBC reported that Virgin Orbit would offer severance packages for departing staff and a partnership with its sister company, Virgin Galactic, for hiring.
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I thought it was a space tourism company where millionaires and billionaires could pop into space for a bit of a laugh and something to talk about at dinner parties?
Branson's satellite company It's a rocket launch company you clowns. Quit ''journalism'' Business Insider. You suck at it.
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Virgin Orbit stock plunges after report says company will cease operationsVirgin Orbit Holdings Inc. reportedly plans to cease operations and lay off roughly 90% of its staff, according to a Thursday afternoon CNBC report. Its... How many people did you fleece with this shit chamath? After a company ceases operations- it would be odd if their stock surged!
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