(Reuters) -Rocket maker Virgin Orbit Holdings on Thursday said it was laying off about 85% of staff because it had not been able to raise new investment. Shares of the company, which is controlled ...
or about 85% of its workforce, “in order to reduce expenses in light of the company’s inability to secure meaningful funding.” A spokesperson for Virgin Orbit said the remaining 15% of ...
In a filing with the US Securities and Exchange Commission, Virgin Orbit has said it’s laying off 675 employees, which works out to about 85% of the total workforce. The decision was made after ...
Virgin Orbit will cease operations and sell its assets to four winning bidders, the company announced late Tuesday ...
(MENAFN- IANS) San Francisco, March 31 (IANS) Virgin Orbit, the rocket company founded by British billionaire Richard Branson, has laid off nearly 85 per cent of its workforce -- about 675 ...
The Long Beach, California-based company laid off roughly 85% of its 750 employees. Virgin Orbit listed assets of about $243 million and total debt at $153.5 million as of Sept. 30. (Reporting By ...
A senior executive at Virgin Orbit has hit out at the leadership in a farewell email, telling staff at the bankrupt ... was founded in 2017 and is a spin-off from Sir Richard Branson's space ...
Long Beach, California-based Virgin Orbit last month filed a Chapter 11 bankruptcy plan that included selling its assets. The company also said it was laying off 661 workers at its facilities in ...
A Virgin Galactic Boeing 747 with a rocket attached to a wing sits on a tarmac at an airport in Newquay, Britain in January. (Henry Nicholls/Reuters) ...
The Long Beach, California-based company laid off roughly 85% of its 750 employees. Virgin Orbit listed assets of about $243 million and total debt at $153.5 million as of Sept. 30. The Most ...
The Long Beach, California-based company laid off roughly 85% of its 750 employees. Virgin Orbit listed assets of about $243 million and total debt at $153.5 million as of Sept. 30. Reporting By ...
