Virgin Galactic Announces Third Quarter 2023 Financial Results And Provides Business Update

Go back to Virgin Galactic Announces Third Quarter 2023 Financial Results And Provides Business Update

Virgin Galactic (SPCE) to cut 185 employees, or 18% of workforce

November 8, 2023 5:01 PM EST

Virgin Galactic Holdings (NYSE: SPCE) announced after the close Wednesday a workforce reduction of approximately 185 employees, constituting approximately 18% of the Companys workforce. The Company is taking this action to decrease its costs and strategically realign its resources. This reduction will result in approximately $25... More