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Virgin Orbit Holdings to Cut Workforce by 85%

Yahoo! Finance
Virgin Orbit Holdings on Thursday said it reduced its headcount by about 675 employees, about 85% of its workforce, to reduce expenses as it has been unable to secure meaningful funding. The company, which launches satellites, said it expects the workforce reduction to be substantially complete by April 3, according to a regulatory filing. A Virgin Orbit spokeswoman declined to comment.
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