Virgin Galactic (SPCE) to cut 185 employees, or 18% of workforce
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Virgin Galactic Announces Third Quarter 2023 Financial Results And Provides Business Update
November 8, 2023 4:05 PM ESTSuccessfully Completed Six Spaceflights in Six Months With Overwhelmingly Positive Customer Feedback Q3 Cash and Marketable Securities Position of $1.1 Billion Forecasted to be Sufficient to Bring First Delta Class Spaceships Into Service and Achieve Positive Cash Flow in 2026
ORANGE COUNTY, Calif.--(BUSINESS WIRE)-- Virgin Galactic Holdings, Inc. (NYSE: SPCE) (Virgin Galactic or the "Company) today announced its financial results for the third quarter ended September 30, 2023 and provided a business update.
Michael Colglazier, Chief Executive Officer of Virgin Galactic said, "With six spaceflights successfully completed in under six... More
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.
About Virgin Galactic
Virgin Galactic is... More
