Virgin Orbit: Sir Richard Branson's rocket company lays off 85% of staff

Virgin Orbit: Sir Richard Branson's rocket company lays off 85% of staff

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It comes weeks after the company paused operations in an apparent attempt to shore up its finances. In a US regulatory filing, Virgin Orbit said it made the decision "in order to reduce expenses in light of the company's inability to secure meaningful funding." It said that Sir Richard's…

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