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☆ 100 UK companies are scrapping the 40-hour workweek. Here's how the standard work schedule became so popular in the first place.
▼ + stars: | 2022-11-28 | by ( Marguerite Ward | Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

100 companies in the UK are adopting a four-day workweek without cutting pay for their employees. Here's a timeline of how the US adopted the five-day, 40-hour workweek. Indeed, the pandemic accelerated public discourse over whether the 40-hour workweek still makes sense for some employees. Here's a look back through the history of the 40-hour workweek and how we got to where we are today. How the 40-hour workweek has evolvedDespite the long work it took to make the 40-hour workweek a reality, research shows people do continue to log longer work hours.

☆ Virgin Orbit raises $25 million from Branson's conglomerate as cash reserve dwindles
▼ + stars: | 2022-11-07 | by ( Michael Sheetz | ) www.cnbc.com time to read: +1 min

Virgin Orbit raised $25 million, the company announced Monday alongside its third-quarter results, as the alternative rocket launcher faces a dwindling cash reserve. The company disclosed that Richard Branson's Virgin Group, an existing shareholder, made the additional $25 million investment on Nov. 4. Virgin Orbit emphasized in its report that it will "continue to be opportunistic in the capital markets," as the company is "focusing on cost and operational efficiency to improve cash flow." The company brought in revenue of $30.9 million and had $71.2 million in cash on hand at the end of the third quarter. Virgin Orbit said the fourth launch is currently "paced by spacecraft readiness."

☆ Investing in Space: Cash crunch
▼ + stars: | 2022-10-20 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. We're now in the final quarter of the year, and for several space companies, it's survival time. They weren't proven businesses and the tide went out," a banker familiar with the sector told me about the environment for space stocks. While not a definitive metric, the cash burn rates of de-SPAC space companies – from AST SpaceMobile to Redwire and more – give a window into the urgency of the situation. Private space companies are feeling the pinch as well.

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