Citing too much “bureaucracy,” Blue Origin to cut 10 percent of its workforce
"We grew and hired incredibly fast in the last few years."
A little less than a month after the successful debut of its New Glenn rocket, Blue Origin's workforce will be trimmed by 10 percent.
The cuts were announced during an all-hands meeting on Thursday morning led by the rocket company's chief executive, Dave Limp. During the gathering, Limp cited "business strategy" as the rationale for making the cuts to a workforce of more than 10,000 people.
Blue Origin was founded by Jeff Bezos in 2000, and he continues to provide an estimated $2 billion in funding annually to support its operations.
