April 05, 2023
Nearly 680 employees of billionaire Richard Branson's Virgin Orbit have fired off a Worker Adjustment and Retraining Notification Act complaint after sudden, mass layoffs tied to the company's descent into Chapter 11 in Delaware.
April 04, 2023
Billionaire Richard Branson's Virgin Orbit satellite launch company filed for Chapter 11 protection in Delaware on Tuesday with nearly $180 million in debt, saying it can't raise enough capital to continue operations and is seeking a buyer.