Richard Branson's Virgin Orbit is laying off about 675 employees, or 85% of its workforce ... it would pause operations and put most of its staff on furlough while it looked for additional ...

Virgin Orbit, a space start-up founded by UK ... Eventually it was forced to lay off 85 per cent of its staff - around 675 people - in March. The company limped on with a small team, looking ...

Virgin Orbit (VORB) didn't immediately respond to a request for comment. The company confirmed in a regulatory filing that it is laying off 85% of its workforce, or 675 employees ...

Sir Richard Branson and his company, Virgin Group, are household names in the UK. He’s long held the title of Britain’s most famous entrepreneur and owns more than 400 businesses in everything ...

Last week, the group said it would cut 675 jobs – about 85% of its workforce – as it continued to search for a funding lifeline. Virgin Orbit, which is based in California and is 75%-owned by ...

The public sector-serving arm of satellite services company Virgin Orbit, VOX works with national security clients to deliver preparations for small satellite launches to low earth orbit.

Oita prefecture had estimated the spaceport, similar to Virgin Orbit’s Cornwall, England facility, would produce economic benefits worth about 10.2 billion yen ($77.4 million) in the region over ...

Virgin Orbit plans to launch its rockets from a plane. This new approach means no need for a launch site or the need to burn masses of fuel to get the rockets off the ground. The rockets will be ...

Tesla confirmed its laying off more than 10% of its global workforce ... TESLA STOCK SLIDES ON BIG DELIVERIES SHORTFALL The lay-offs come after Electrek reported that Tesla had told managers ...

The first orbital space rocket launch from UK soil is due to take place on Monday evening. Virgin Orbit's plane - Cosmic Girl - has done previous launches in the United States. Monday's launch ...

The research flight is scheduled between June 27 and 30 and while that first group of travelers is set and ready for take-off, hundreds ... other space venture, Virgin Orbit (VORB) had to ...

In this case, what we see is the spread of layoff action. It seems that once a few major companies saw a need to lay off staff, others followed; their behavior seemed to show that they quickly ...