Virgin Hyperloop Layoffs

The Los Angeles-based company confirmed to the Financial Times this week that it had laid off 111 people, with the job cuts meant to allow it “to respond in a more agile and nimble way and in a more cost-efficient manner” as it shifts its focus from passengers to cargo, according to a company spokesperson.

Recent News and Discussions About Virgin Hyperloop Layoffs

Virgin Hyperloop layoffs, pivot to freight kill the dream of tube …

https://fortune.com/2022/02/22/virgin-hyperloop-layoffs-fires-staff-freight-tube-travel-richard-branson/

Virgin Hyperloop layoffs, pivot to freight kill the dream of tube ...
Feb 22, 2022 — Virgin Hyperloop laid off almost half of its staff working on Friday, making 111 people redundant, as the company shifts focus from …


Virgin Hyperloop lays off half its staff, – Protocol

https://www.protocol.com/bulletins/virgin-hyperloop-layoffs

Feb 22, 2022 — Virgin Hyperloop laid off more than 100 of its employees on Friday after embracing a plan to focus on cargo transport over passengers, …


Virgin Hyperloop lays off half of its employees as it pivots …

https://www.businessinsider.com/virgin-hyperloop-layoffs-passenger-travel-cargo-transport-2022-2

Feb 21, 2022 — Virgin Hyperloop laid off more than 100 employees on Friday, the Financial Times first reported. · The move will allow it to focus on cargo …


Virgin Hyperloop lays off half its staff, abandons mass transit

https://nypost.com/2022/02/22/virgin-hyperloop-lays-off-half-its-staff-abandons-mass-transit/

Feb 22, 2022 — Virgin Hyperloop has laid off nearly half of its staffers while abandoning its plans to develop a passenger transit system, the company …


Virgin Hyperloop Just Laid Off Almost Half Its Employees

https://futurism.com/the-byte/virgin-hyperloop-layoffs

Feb 22, 2022 — Virign Hyperloop , the company leading the charge on making the futuristic transportation system a reality, has laid off 111 workers, …


Virgin Hyperloop Lays Off Employees, Scratches Plans for …

https://www.cnet.com/roadshow/news/virgin-hyperloop-lays-off-employees-scratches-plans-for-passenger-transport-says-report/

Feb 22, 2022 — On Friday, Virgin Hyperloop , a Richard Branson-backed company, reportedly let 111 employees go. The layoffs were announced during a video …


Virgin Hyperloop lays off 111 staffers as it abandons plans for …

Virgin Hyperloop lays off 111 staffers as it abandons plans for passenger transport

Feb 22, 2022 — Virgin Hyperloop has fired 111 of its employees as it abandons the idea of making its system ready for passenger use.


Virgin Hyperloop layoffs loom in dramatic business shift

https://www.fastcompany.com/90724045/virgin-hyperloop-will-now-deliver-cargo-not-people-as-hundred-laid-off

Feb 22, 2022 — As The Financial Times reports, on Friday Virgin Hyperloop laid off 111 of its employees, or almost half its staff, and embraced an entirely …


Future of Pittsburgh hyperloop gets murky with company layoffs

https://triblive.com/local/future-of-pittsburgh-hyperloop-gets-murky-with-company-layoffs/

Mar 3, 2022 — Virgin Hyperloop announced last week that it will lay off more than 100 workers and shift its focus from passenger to freight service, …


Justice Seeks More Info on Virgin Hyperloop’s Intentions in …

Justice Seeks More Info on Virgin Hyperloop’s Intentions in West Virginia After Company Announces Layoffs

Feb 24, 2022 — Business industry reports state Virgin Hyperloop last week laid off 100 of its employees, representing half of its staff. Additionally, the …


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