TechnologyUS

Virgin Galactic Layoffs

November 2023

Virgin Galactic announced a layoff affecting 185 employees (18% of its workforce) in November 2023. The company operates in the Technology sector.

People Affected

185

Percentage

18%

Announced Date

Nov 8, 2023

About

Virgin Galactic is laying off 185 employees, representing 18% of its workforce, to cut costs and redirect resources toward scaling production of its next-generation Delta suborbital spaceplanes, aiming to achieve profitability and reduce reliance on unpredictable capital markets.