Virgin Orbit — the rocket company founded by British billionaire Richard Branson — is laying off the vast majority of its workforce as corporate leadership struggles to secure additional funding.

Virgin Orbit will lay off 85 percent of its staff after the space launcher failed to secure new investment.

Dating app Bumble announced on Wednesday that it's laying off 30% of its workforce, impacting around 240 positions.

British billionaire Sir Richard Branson's rocket company Virgin Orbit says it will cut 85% of its workforce after failing to secure new investment.

One of the most significant struggles is the layoff of staff members, and the latest company to face this issue is Bend Studio, a team under PlayStation Studios.

OU Athletics will lay off 5% of its staff as it prepares to pay student-athletes under a new revenue-sharing model tied to a landmark legal settlement.

Richard Branson's Virgin Galactic space tourism firm has laid off about 18% of its employees as it faces turbulent headwinds in the capital markets, the company says.

Microsoft is laying off 3% of staff in an effort to reduce management layers, with impacts to be felt across all teams, levels and geographies.

RMI announced plans Tuesday to lay off 10 percent of its staff, citing “increased uncertainty around revenue sources.” Jon Creyts, the Colorado-based clean energy think tank’s CEO, noted in ...

Last week, New York-Presbyterian announced it was laying-off 1,000 employees, 2% of its workforce, due to economic hardships and anticipated challenges.

Dating app Bumble announced on Wednesday that it's laying off 30% of its workforce, impacting around 240 positions.