Virgin Galactic Cuts Jobs, Costs on Funding Constraints
Virgin Galactic Holdings Inc. plans to reduce its workforce as part of a broader cost-cutting move to keep development of its next-generation launch vehicle on track.
The space tourism venture, founded by billionaire Richard Branson, is eliminating an unspecified number of workers in an effort to save cash, it said Tuesday in a statement.
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Virgin Galactic Cuts Jobs, Costs on Funding Constraints