Virgin Galactic (SPCE) Provides Business Update
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Virgin Galactic Provides Business Update
November 7, 2023 6:15 PM ESTORANGE COUNTY, Calif.--(BUSINESS WIRE)-- Virgin Galactic Holdings, Inc. (NYSE: SPCE) (Virgin Galactic or the Company), notified all employees today, Tuesday, November 7 of a strategic realignment of the Companys resources and a related workforce reduction to support the production of its Delta Class spaceships.
Virgin Galactics senior leadership will share additional details on the Companys third-quarter earnings call, scheduled for 2:00 PM PT Wednesday, November 8, 2023.
Please refer to internal memo below sent to all employees at Virgin Galactic from CEO, Michael Colglazier.
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