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Jeff Bezos' rocket company is slashing 10% of its workforce a month after debut orbital launch

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Jeff Bezos' space company, Blue Origin, announced it is laying off approximately 10% of its workforce, which equates to about 2,300 employees, just a month after successfully completing its first orbital launch with the New Glenn rocket. This decision comes as part of a broader strategy to streamline operations and focus on key priorities, including the development of the New Glenn rocket and the Blue Moon lunar lander. The layoffs are intended to help the company manage costs more effectively and accelerate its project timelines amidst fierce competition in the space industry. Blue Origin has also been dealing with delays and setbacks, which might have contributed to the need for restructuring. The company emphasized that these layoffs are not a reflection of the employees' performance but are necessary for the company's long-term success and sustainability.

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