Virgin Orbit makes most of its staff redundant amid funding struggles

The satellite comms arm of Richard Branson’s extremely eclectic empire, Virgin Orbit, has laid off the bulk of its staff due to an inability to secure more funding.
CEO Dan Hart told employees during an all-hands meeting yesterday that the firm will cease operations for the foreseeable future after failing to secure funding, according to CNBC who managed to get its hand on the audio from the meeting.
“Unfortunately, we’ve not been able to secure the funding to provide a clear p