Virgin Orbit, founded by Richard Branson in 2017, is pausing operations and furloughing nearly all of its employees in an effort to shore up the company's finances. This operational pause will have a major impact on the company's operations and Virgin Orbit is hoping to secure a funding lifeline in order to continue providing its services. An update on go-forward operations is expected in the coming weeks.
Virgin Orbit Announces Operational Pause and Furloughs Nearly All Employees Amid Financial Struggles
