Virgin Orbit is laying off nearly all of its staff and reportedly ceasing operations "for the foreseeable future." The massive headcount cut came after the ailing company reportedly announced an ...
Richard Branson's Virgin Orbit is laying off about 675 employees, or 85% of its workforce, as the air-launched rocket company failed to find funding to sustain its operations. Most of the affected ...
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 ...
A senior executive at Virgin Orbit has hit out at the leadership in a farewell email, telling staff at the bankrupt rocket firm they "deserved better". Chief operating officer Tony Gingiss issued ...
The British billionaire's rocket company is ceasing its operations. Its stock has fallen by more than 89% this year. It is a blow that will resonate throughout the British aerospace industry for a ...
Sir Richard Branson’s satellite launch firm Virgin Orbit is to cut 675 jobs – about 85% of its workforce – after failing to secure new funding. The entrepreneur has said he will inject ...
Chief executive David Duffy would be biggest winner on £3.5m, with large paydays for about 12 other staff if deal goes through Banking bosses at Virgin Money are in line for a £6m windfall if ...
WASHINGTON (Reuters) -Virgin Orbit Holdings Inc, founded by billionaire Richard Branson, filed for Chapter 11 bankruptcy protection on Tuesday after the satellite launching business struggled to ...