Richard Branson’s rocket firm axes nearly entire workforce ...News

Virgin Orbit will let go 85% of its staff and cease operations for the foreseeable future, a filing says Richard Branson’s satellite launch company, Virgin Orbit, has revealed it will cut 675 jobs, or almost all of its personnel, after failing to secure funding over a failed mission. According to a Friday filing with the US Securities and Exchange Commission, the California-based firm will eliminate all but 100 positions, with the layoffs reportedly to affect every team and department. “Unfortunately, we’ve not been able to secure the funding to provide a clear path for this company,” CEO Dan Hart told employees d

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