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Richard Branson's Long Beach firm Virgin Orbit furloughs nearly 700 people as it seeks funding

Por: Los Angeles Times Business March 17, 2023

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British billionaire Richard Branson's Virgin Orbit has paused operations as the rocket-launch company searches for more funding. The Long Beach company announced the operational pause Wednesday and it went into effect Thursday. As part of the move, Virgin Orbit has furloughed most of its nearly 700 employees. Those employees will continue to have benefits during this time, according to a person familiar with the matter who wasn't... + full article



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