Posted: Sat, Feb 2, 2019, 10:20 AM ET (1520 GMT)

Virgin Galactic confirmed Jan. 25 that it laid off dozens of employees earlier in the month. The company said about 40 employees, roughly five percent of its overall workforce, were laid off in early January. Most of the affected employees were based in Mojave, California, where it is building and testing its SpaceShipTwo suborbital spaceplane. The company said it needed to change the mix of "skill sets" among its employees as it shifts from testing to commercial operations later this year.