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.

British billionaire Sir Richard Branson's rocket company Virgin Orbit says it will cut 85% of its workforce after failing to secure new investment. The firm will also cease operations for the ...

Virgin Orbit will lay off 85 percent of its staff after the space launcher failed to secure new investment. It will see Richard Branson's rocket company cease operations, at least for the ...