Blue Origin, the rocket firm owned by Amazon founder Jeff Bezos, is reportedly shedding virtually 1,400 staff, about 10% of its workforce.
The job cuts sign a pivot for the area agency, which stated it needed to trim managerial ranks and focus its assets on ramping up launches of its big New Glenn rocket.
The rocket accomplished its first profitable check flight final month after lengthy delays, marking a significant milestone for the corporate.
Based by Jeff Bezos in 2000, Blue Origin has been a key participant within the personal area race, however it’s seen as lagging behind rivals reminiscent of Elon Musk’s SpaceX.
In a memo to workers in regards to the cuts, chief government Dave Limp stated that although the corporate had made important progress, it wasn’t structured for the sort of success it hoped to realize.
Blue Origin didn’t reply to a request for remark instantly.
The corporate has already seen a shake-up in management and exodus of senior executives on the firm.
Amazon veteran Dave Limp took over after former boss Bob Smith stepped down in late 2023.
With the launch of the New Glenn rocket, Blue Origin is transferring away from analysis and pushing to scale up manufacturing and safe extra business and authorities contracts for the heavy-lift car, which is designed for orbital missions.