Virgin Orbit is laying off the majority of its workers, around 85 percent, citing the company's failure to secure future funding. Billionaire Richard Branson's rocket company will see approximately ...

March 30 (Reuters) - Rocket maker Virgin Orbit HoldingsVORB.O on Thursday said it was laying off about 85% of staff because it had not been able to raise new investment. Richard Branson's Virgin Group ...

Cash-strapped Virgin Orbit is laying off 85% of its workforce – about 675 employees – after struggling to operate in recent weeks and ultimately failing to “secure meaningful funding”. The Virgin ...

Virgin Orbit will be laying off around 85% of its staff by April 3, the company has announced, after failing to secure “meaningful” funding in a last-ditch effort to remain a going concern. The ...

Richard Branson's Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission. The company, ...

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Virgin Orbit has filed for Chapter 11 bankruptcy after it failed to secure more funding. The announcement comes just days after the firm laid off 85% of its workforce or 675 employees. Virgin Orbit ...

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 ...

Richard Branson’s Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission. The company, ...