The cuts come as the company battles with delays, increased costs and competition from the likes of SpaceX.
Related Posts
Aker Solutions Upbeat Despite Profit Miss
Aker Solutions reported below-forecast third-quarter results but said its outlook remained positive with high tender activity.
Auto & Transport Roundup: Market Talk
Find insight on BYD, Li Auto, Tesla and more in the latest Market Talks covering Auto and Transport.
Container-Ship Stocks Fall After U.S. Port Strike Ends
Shares dropped as much as 16% as the agreement nixed for now the prospects of higher freight rates.