Jeff Bezos' rocket company Blue Origin is cutting 10% of its workforce. The move comes just a month after the debut of Blue Origin's New Glenn rocket, which reached orbit on its first try.

Jeff Bezos’s Blue Origin rocket company plans to lay off 10 percent of its workforce as it seeks to revamp its operations to better compete with Elon Musk’s SpaceX.

In an email to employees, the company’s chief executive said the company had become bloated during its growth in recent years.

Jeff Bezos’s aerospace company Blue Origin plans to cut about 10 percent of its workforce, its CEO told staff Thursday, according to an email obtained by The Hill. The company is

Blue Origin is reportedly planning on letting go of approximately 10% of its workforce—about 1,000 employees—nearly a month after the inaugural liftoff of New Glenn. The company is hoping to focus on growth over the next few years,