Virgin Hyperloop lays off half its staff as it pivots to cargo

Despite the flashy promises of supersonic rail travel through vacuum-sealed tubes and six years of work by Bjarke Ingels to envision rapid intercity transportation systems, Richard Branson’s Virgin Hyperloop is reportedly struggling. The company has reportedly laid off 111 employees, about half of its staff, and will drop the passenger side of the business to focus exclusively on transporting freight.

The basic idea of all Hyperloop systems (there are a variety of competitors) all…