Blue Origin to Lay Off 10% of Workforce Amid Restructuring

Blue Origin Announces Significant Layoffs Amidst Growth Strategies

The Jeff Bezos-owned space company, Blue Origin, has revealed plans to lay off approximately 10 percent of its workforce. With more than 10,000 employees currently, this decision implies that around 1,000 workers may be affected.

Reasons Behind the layoffs

In an internal email obtained by The Verge, CEO David Limp addressed employees, stating that the company's rapid growth resulted in "more bureaucracy and less focus than we needed." In response, he emphasized the need to "thin out our layers of management." The layoffs will not only affect management but also impact various departments including engineering, project management, and research and development.

Future Plans and Optimism

Despite the layoffs, Limp expressed confidence in Blue Origin's future during the announcement. The company recently launched its New Glenn rocket, which is seen as a competitor to SpaceX's offerings, designed for carrying satellites and other cargo to space. Additionally, the memo highlighted ambitious plans for lunar landings in 2025 and increasing the frequency of launches with both the New Glenn and New Shepard rockets.

Commitment to Growth

Limp reassured employees in his message, stating, "I am extremely confident in the enormous opportunities in front of us and have never been more optimistic about our mission." He emphasized a continued commitment to invest, innovate, and recruit hundreds of new positions in critical areas to meet the company’s goals and serve customer needs effectively.

Conclusion

Blue Origin aims to emerge from this restructuring as a stronger, faster, and more customer-focused company. As they navigate these challenges, their vision to consistently meet and exceed commitments remains at the forefront.