Virgin Orbit hit pause Wednesday as the aerospace company reportedly seeks funding to keep it afloat.
Company executives told staff at an “all-hands” meeting at 5 p.m. that operations will shut down for a week, during which time nearly all workers will be furloughed without pay.
Furloughed workers will be allowed to cash in paid time off, or PTO, to makes ends meet, according to CNBC, which broke the news, citing sources who attended the meeting.
