Virgin Galactic Announces Layoffs, Pause in Flights

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So I also understand that Virgin Galactic has made some big announcements. What, what are they, what are they doing? That's right to our Te and so Virgin Galactic announced plans to pause flight operations next year. The company says it's making that decision so it can focus more on developing its next generation delta class spacecraft. The space tourism company also laid off about 18% of its staff yesterday, citing goals to quote, decrease costs and strategically realign its resources, end quote. The layoffs are expected to generate about $25 million in annual cost savings.