Virgin Hyperloop changed its mind about carrying passengers and fired half of the workers

(ORDO NEWS) — Virgin Hyperloop has given up on the idea of ​​making its rapid transit system ready for passenger use. Instead, they will focus on the transportation of goods.

A spokesman for the company confirmed to the source that changes were taking place in the business. Supply chain issues and COVID are contributing to this.

What’s happening

  • Since its foundation, the company has perfected a system for transporting passengers and goods in special vacuum tube tunnels at great speed, which is achieved due to the absence of air resistance inside the tunnels.
  • For example, in 2020 in South Korea, the Hyperloop capsule was dispersed to a record 1019 kilometers per hour.
  • Now, however, two ex-employees who have lost their jobs told the FT that they announced at the latest video conference that a large number of people were laid off and the direction of work was changed.
  • The publication does not specify how many employees there are in the company, but writes that about half of them were fired.
  • Some sources indicate the number of dismissed – 111.

Virgin Hyperloop changed its mind about carrying passengers and fired half of the workers

  • All this means that the company does not completely abandon the technology and it will not be left without orders.
  • At one time, the concept aroused the interest of the logistics giant DP World, owned by Dubai and owning ports. The company has invested in this technology and owns a majority stake in Virgin Hyperloop.
  • In 2018, the sub-brand Cargospeed was launched, designed for the transport of goods.

Virgin Hyperloop changed its mind about carrying passengers and fired half of the workers 2

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