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Published 1 year ago

Virgin Orbit Closes Up Shop, Lays Off Majority of Workforce

Summary by Ground News
Virgin Orbit is out of money and will suspend operations and lay off most employees. CEO Dan Hart: "We have no choice but to implement immediate, dramatic, and extremely painful changes" Hart tipped a slightly larger 90% across the organization, leaving all but 100 positions. Virgin Orbit will provide a severance package "for every departing" worker.

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Virgin Orbit Closes Up Shop, Lays Off Majority of Workforce

The Virgin Galactic spin-off couldn't secure the funding it needed to continue operating.

1 year ago·United States
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