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Richard Branson's Virgin Galactic to lay off 185 employees

Por: Los Angeles Times Business November 09, 2023

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Richard Branson's Virgin Galactic will lay off 185 employees, or about 18% of the company, as the space tourism firm attempts to conserve cash, ride out the skittish capital markets and focus resources on a new line of spacecraft. The company also will pause its spaceflights in mid-2024 to focus funding and resources on two new spacecraft. The layoffs largely will be completed by early next year and will reduce the company's employee... + full article



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