Virgin Orbit will cease operations and sell its assets to four winning bidders, the company announced Tuesday. Those bidders ...
The Long Beach, California-based company laid off roughly 85% of its 750 employees. Virgin Orbit listed assets of about $243 million and total debt at $153.5 million as of Sept. 30. Reporting By ...
Stratolaunch LLC and Rocket Lab USA Inc. are among the buyers for assets of Virgin Orbit Holdings Inc., the bankrupt ...
Long Beach, California-based Virgin Orbit last month filed a Chapter 11 bankruptcy plan that included selling its assets. The company also said it was laying off 661 workers at its facilities in ...
Virgin Orbit filed for bankruptcy protection on April 4 after the company failed to secure a funding lifeline and laid off nearly its entire workforce. "Stratolaunch continually evaluates how to ...
Novavax will lay off about 25 percent of its workforce and consolidate its facilities as part of a global restructuring to reduce costs, the drugmaker said May 9. At the end of 2022, the COVID-19 ...
which lifted off from Spaceport Cornwall in England this past January. Virgin Orbit "negotiated with Stratolaunch extensively" over multiple rounds across weeks to nail down the terms of the ...
In a memo to staff, Showtime/MTV Entertainment Studios ... These cuts come four months after Showtime laid off 120 employees while merging into MTV Entertainment Studios as part of the overall ...
Autonomous delivery robot startup Nuro will lay off 30%, or about 340 employees ... explained in a blog post that the company would cut staff and shift resources away from commercial operations ...
Stack Overflow, a question-and-answer portal for developers, will lay off 10% of its workforce ... 665 tech companies have laid off about 192,722 staff so far this year, compared to 164,591 ...
TuSimple, the once high-flying autonomous trucks company that went public in 2021, is restructuring and laying off about 30% of its global workforce as it works to preserve cash and stay in business.
Autonomous delivery robot startup Nuro will lay off 30%, or about 340 employees ... Dave Ferguson and Jiajun Zhu explained in a blog post that the company would cut staff and shift resources away from ...
