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The saga spreads to aviation sector… Virgin Orbit

Virgin Orbit pauses operations, furloughs nearly entire staff to seek funding https://www.cnbc.com/2023/03/15/virgin-orbit-pauses-operations-furloughs-staff.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Virgin Orbit pauses operations for a week, furloughs nearly entire staff as it seeks funding
Virgin Orbit pauses operations for a week, furloughs nearly entire staff as it seeks funding
CNBC
Microsoft xtrdgjgg Mar 15, 2023

Virgin orbit is a rocket lauch startup and not to be confused with Aviation. Virgin Atlantic is the airlines...

Workday MsftChtGPT OP Mar 15, 2023

Thanks for the clarification…What sector is it ?

Microsoft xtrdgjgg Mar 15, 2023

Small rocket lauch company in startup stage

Northrop Grumman 1337hwbro Mar 15, 2023

Furloughs aren’t as bad as layoffs though still. Also not sure why the layoffs would be spreading to aerospace totally different industry from tech imo. This was likely attributed to meeting goals rather than market effects