BNN Bloomberg (CAN) reports that Virgin Orbit “has paused operations and furloughed staff while it attempts to secure more funding.” The changes “were announced at an all-hands meeting with employees on Wednesday, according to a person familiar with the matter.” A company spokesperson said in a statement, “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.”
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