Virgin Hyperloop Lays Off Staff

[Faraday]

 

 

Virgin Hyperloop has laid off almost half its staff as the company switches its focus from transporting passengers to shifting freight. Cuts totaling 111 jobs were confirmed by Virgin Hyperloop to The Financial Times, which spoke to former employees at the company. They described the scale of the redundancies as “definitely not expected.”

 

 

 

The US-based Virgin Hyperloop is one of the leading firms developing the eponymous technology — an updated version of a centuries-old idea to reduce the energy demands of trains by placing them in vacuum-sealed tubes where air resistance is minimal. The concept was resurrected in 2013 when Elon Musk published a whitepaper on the subject, incorporating magnetic levitation used by bullet trains and bestowing the current branding.

https://www.theverge.com/2022/2/22/22945405/virgin-hyperloop-freight-passenger-focus-lays-off-half-staff

[Lyp14 [ctxa]]

Ah.... just another fraud from Elon. Overpromise, underdeliver, and in the mean time he is filling his pockets.

When are people going to stop listening to this snake oil selling clown... Those who listened to him on Crypto matters lost their savings. He should be in jail.

[Faraday]

5 hours ago, Lyp14 [ctxa] said:

Ah.... just another fraud from Elon. Overpromise, underdeliver, and in the mean time he is filling his pockets.

When are people going to stop listening to this snake oil selling clown... Those who listened to him on Crypto matters lost their savings. He should be in jail.

Sir Richard Branson is the founder of Virgin & the Hyperloop project.

Although it was a concept developed by Elon Musk:

https://www.discovery.com/technology/Hyperloop-Elon-Musk-Tube-Travel

 

 

[AussieBob]

The investor's money and Government 'support funds' are starting to run out - but the Executive want to maintain their salaries and bonuses for as long as possible.  Simple as. Old as the books.  Take a reasonably looking new idea - get people/organisations to provide start-up funding - milk it - bleed it - move on to the next one when it does not work out. 

What Elon does very very well is that he starts things and then hands them over to others (while getting ongoing fees) - that way he can have lots of things running at the same time.  A few work out and he jumps back in and takes more control/money - most dont - but they all make him some more money. The modern entrepreneur - no need to risk everything on one idea - run with all of them at once - screw those who get involved in the 99% that crash and burn.

[Lawyers_Guns_and_Money]

On 2/23/2022 at 2:14 PM, Faraday said:

Sir Richard Branson is the founder of Virgin & the Hyperloop project.

Although it was a concept developed by Elon Musk:

https://www.discovery.com/technology/Hyperloop-Elon-Musk-Tube-Travel

Give him credit for not dragging Hunter Biden and Jeffrey Epstein into it.

[Fanta]

On 2/23/2022 at 11:47 PM, Lyp14 [ctxa] said:

Ah.... just another fraud from Elon. Overpromise, underdeliver, and in the mean time he is filling his pockets.

When are people going to stop listening to this snake oil selling clown... Those who listened to him on Crypto matters lost their savings. He should be in jail.

Depends how you look at things. Musk is dead keen to get to Mars and he appears to focus on making, testing and selling things we will need to survive on Mars. Rockets are obvious, solar power, electric vehicles, the Boring company etc. And he has often said that his money is just a means to an end and his end goal seems to be a new world on Mars. That’s pretty cool. And a change from the “he who dies with the most toys wins” goal of most gazillionaires.