Jeff Bezos's Blue Origin to lay off hundreds of employees
What's the story
Blue Origin, Jeff Bezos's space exploration company, is said to be gearing up for a major job cut.
The scale of these layoffs remains unconfirmed but could impact hundreds, if not more than a thousand, employees, as per media reports.
The move comes as part of the company's plan to cut costs and focus resources on ramping up rocket launches after years of research and development (R&D).
Meeting details
CEO to address personnel changes in upcoming meeting
The looming job cuts at Blue Origin are likely to be discussed by CEO Dave Limp in an all-hands employee meeting on Thursday morning.
The news of potential layoffs at Blue Origin comes just a month after the successful debut of its flagship New Glenn rocket, which had previously faced years of delays and development setbacks.
Company profile
Blue Origin's ambitious space portfolio and future goals
Founded by Bezos in 2000, Blue Origin employs around 14,000 people at its Seattle-area headquarters and sprawling manufacturing and launch operations sites in Florida, Texas, and Alabama.
The company's ambitious space portfolio includes space tourism, a Moon lander, a space station, and supplying rocket engines.
Limp was brought on board in 2023 to help the company recover from a prolonged R&D slump with an immediate goal of increasing New Glenn flights and fulfilling $10 billion worth of launch contracts.