Richard Branson's Virgin Orbit is laying off about 675 employees, or 85% of its workforce, as the air-launched rocket company failed to find funding to sustain its operations. Most of the affected ...
The British billionaire's rocket company is ceasing its operations. Its stock has fallen by more than 89% this year. It is a blow that will resonate throughout the British aerospace industry for a ...
Hub—the vendor set up by Man Group, Pimco, State Street, IHS Markit, Microsoft, and McKinsey to overhaul asset management operations—is in the process of downsizing. WatersTechnology has learned that ...
The tough news continues for the music industry as Warner Music announced that it will lay off 10% of its staff, or 600 ...
Spotify is preparing to lay off 17% of its workforce or about 1,500 employees, as the company accelerates its profitability push. Chief Executive Daniel Ek announced the job cuts—the Stockholm ...
Opinions expressed by Forbes Contributors are their own. I offer an insider’s view of the business of flight. Norwegian Air International Boeing 737 MAX 8 airplane with registration EI-FYI in ...
‘8x8 is losing their channel religion a little bit,’ one anonymous 8x8 partner tells CRN regarding the latest round of layoffs that reportedly include most of the cloud communication provider ...
The cancelation of Charles Barkley's CNN show displays the uphill climb that sports personalities have when it comes to talking politics.
Pfizer announced Tuesday it would lay off up to 800 researchers, according to a report from 'The Wall Street Journal.' Pfizer expects to have laid off 5% to 8% of its 10,000-person research staff ...
Cancer immunotherapy developer NextCure is laying off 37% of its staff and streamlining its research plans, the company said Thursday. Alongside its 2023 earnings, the biotech revealed that it is ...
The firm said in November 2023 it had 5,000 employees, suggesting around 500 people are facing redundancy. It comes a day before Snap reports its fourth-quarter results - having reported a net ...
Meta are rumored to be announcing significant layoffs in the coming days which could number in the thousands. It’s the latest blow for the company, with their Q3 revenue numbers down 4% and the ...