Blue Origin is laying off around 10 percent of workers
1 min read
Summary
Blue Origin has announced plans to cut just under 1,000 jobs, or 10% of its workforce, as it looks to stay competitive in the commercial space race.
CEO David Limp said the company had become “bogged down” by its own fast growth, resulting in a need to cut roles in engineering, project management and research and development.
Last month the company launched its New Glenn rocket, which is designed to carry satellites and other cargo into space, and it has plans to land on the moon in 2025.
Despite the layoffs, Blue Origin has no intention of slowing its expansion, with the company vowing to “invest, invent and hire hundreds of positions in areas that will help us achieve our goals and best serve our customers.”
The move follows similar job-cutting announcements this week from Elon Musk’s SpaceX, with the company confirming that it is to let go 10% of its employees.