Virgin Orbit will lay off 675 people, or 85% of its staff after failing to raise new capital, the company said in a filing Thursday, and will cease operations “for the foreseeable future,” CEO Dan Hart told staffers, according to CNBC. The satellite launch company, which was founded by Richard Branson in 2017, halted operations two weeks ago to conserve money while the management team...
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What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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