British billionaire Sir Richard Branson's rocket company Virgin Orbit says it will cut 85% of its workforce after ... that the company's boss has told staff the firm will suspend its activities ...

In a filing with the US Securities and Exchange Commission, Virgin Orbit has said it’s laying off 675 employees, which works out to about 85% of the total workforce. The decision was made after ...

Virgin Orbit, the rocket company founded by British billionaire Richard Branson, has laid off nearly 85 per cent of its workforce -- about 675 employees -- after it failed to secure a key funding.