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Virgin Orbit sacks 85% of workforce and ceases operations ‘for foreseeable future’ | UK News
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Sir Richard Branson’s Virgin Orbit has said it is laying off 85% of its staff and will cease operations for the foreseeable future. The satellite launch company, which is 75%-owned by the British billionaire’s Virgin Group, was unable to secure new funding from investors. Back in January, the company failed to complete the first-ever satellite…