LONDON (AP) — Virgin Orbit said Thursday it is pausing all operations amid reports that the company is furloughing almost all its staff as part of a bid to seek a funding lifeline. The California-based satellite launch company confirmed it's putting all work on hold, but didn't say how long for. “Virgin Orbit is initiating a company-wide operational pause, effective March 16, 2023, and anticipates providing an update on go-forward operations in the coming weeks," the company said in a statement.
Virgin Orbit pausing all work, reportedly furloughs staff