Blue Origin reduces its number of workers despite fast growth and success with a new rocket.
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Blue Origin, a rocket company owned by Jeff Bezos, is letting go of 10% of its workers. This decision comes after the company's new rocket, New Glenn, successfully reached orbit on its first attempt.
Blue Origin's CEO, Dave Limp, told employees about the layoffs, explaining that the company had grown too quickly. This fast growth led to more complicated processes and less focus, according to Limp.
Limp stated that these job cuts are necessary to build rockets faster and launch them more frequently. Blue Origin launches its larger New Glenn rockets from Florida and its smaller New Shepard rockets from Texas.
Similar to its competitor, SpaceX, Blue Origin has agreements with NASA to send astronauts to the moon in the future. It's unclear how many workers will lose their jobs, as Blue Origin is a private company and doesn't share its employee numbers.
The Associated Press receives support for its health and science reporting from the Howard Hughes Medical Institute and the Robert Wood Johnson Foundation. However, the AP is solely responsible for the content of its reporting.
Questions
Who owns Blue Origin?
Jeff Bezos owns Blue Origin.
Why is Blue Origin laying off workers?
They are laying off workers because the company grew too quickly and needs to build rockets faster.
Where does Blue Origin launch its rockets?
Blue Origin launches its larger New Glenn rockets from Florida and its smaller New Shepard rockets from Texas.
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