Los Angeles, California-based Virgin Hyperloop, an American transportation technology company commercializing a high-speed vacuum-propelled train, has announced that it will be restructuring and abandoning plans for passenger transport in favor of transporting cargo.
The restructuring will impact 111 employees, nearly half of its workforce, and is scheduled for April 20, 2022.
According to a company spokesperson, "The company is now changing direction due to global supply chain issues and all the changes due to Covid. It’s allowing the company to respond in a more agile and nimble way and in a more cost-efficient manner. These types of decisions are never taken lightly.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?