OneWeb confirms layoffs and potential launch schedule delays amid reported bankruptcy considerations

Satellite operator OneWeb has confirmed that its workforce has been reduced via layoffs, after TechCrunch learned that it reduced its workforce by as much as 10 percent this week. The company did not confirm the total size of the layoff, but provided a statement to TechCrunch regarding the current state of its operations, and citing…

OneWeb confirms layoffs and potential launch schedule delays amid reported bankruptcy considerations

Satellite operator OneWeb has confirmed that its workforce has been reduced via layoffs, after TechCrunch learned that it reduced its workforce by as much as 10 percent this week. The company did not confirm the total size of the layoff, but provided a statement to TechCrunch regarding the current state of its operations, and citing cost that it deemed necessary in light of the ongoing global coronavirus pandemic and resulting economic turmoil.
A OneWeb spokesperson provided this statement, provided in full, regarding the situation:
The OneWeb launch is going ahead on Saturday with more launches planned later in the year; however, like others, we are impacted by the global health and economic crisis and we need to dynamically adjust our workforce. Unfortunately, we think it is inevitable that there will be delays to our launch schedule and satellite manufacturing due to increasing travel restr
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