Saturday, 1 April 2023

Business News

Virgin Orbit pauses operations for a week amid funding crunch, CNBC says – TipRanks Financial Blog

Virgin Orbit had an all-hands meeting on Wednesday night, informing its staff it will cease operations for one week as it seeks a “funding lifeline,” people familiar with the matter told CNBC, writes Michael Sheetz for the news outlet. “In the all-hands, company leaders told employees that they aimed to provide an update on the furlough and funding situation by next Wednesday or Thursday,” added the CNBC story. Reference Link

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