Richard Branson’s rocket firm axes nearly entire workforce

Virgin Orbit will let go 85% of its staff and cease operations for the foreseeable future, a filing says

Richard Branson’s satellite launch company, Virgin Orbit, has revealed it will cut 675 jobs, or almost all of its personnel, after failing to secure funding over a failed mission.

According to a Friday filing with the US Securities and Exchange Commission, the California-based firm will eliminate all but 100 positions, with the...