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Jeff Bezos' space venture Blue Origin has announced sweeping layoffs - axing a whopping 1,400 jobs - or 10 percent of its workforce. In a 10-minute meeting on Thursday, CEO Dave Limp delivered the news to employees across the company's major hubs in Florida, Texas and Washington. The shock announcement comes just weeks after Blue Origin begins production on its massive New Glenn rocket. 'There's no easy way to communicate this,' CEO Dave Limp told employees in the meeting, which was scheduled the night prior and lasted about 10 minutes....

Blue Origin is cutting 10% of its workforce nationwide, a move that is likely to affect its engine production operation in Huntsville. In an email sent to employees and obtained by The Huntsville Times, CEO Dave Limp wrote the company was laying off “about 10%” of its workforce. He wrote the layoffs would be concentrated in engineering, research and development, and program/project management roles, and would include management positions. “We grew and hired incredibly fast in the last few years, and with that growth came more bureaucracy and less focus...

Jeff Bezos' Blue Origin Reportedly Plans 10% Cut Of Workforce As SpaceX Dominates Space Race About a month after Blue Origin successfully launched its long-delayed flagship rocket from Cape Canaveral, Florida, the Jeff Bezos-backed rocket company reportedly prepares for its first round of layoffs. The move comes as Elon Musk's SpaceX continues dominating the commercial space industry, raising questions about how far Blue Origin has fallen behind in the global space race. Bloomberg reports that Blue Origin CEO Dave Limp held an all-hands employee meeting on Thursday morning to address...

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...

Blue Origin is laying off 10% of its workforce, according to Reuters, just one month after the successful first launch of its New Glenn mega-rocket. The company reportedly has more than 10,000 employees, meaning the cut could affect around 1,000 people. CEO Dave Limp told employees in an all-hands meeting on Thursday morning that the company is not “set up for the kind of success that we really wanted to have,” which he said was a “painful conclusion,” according to Reuters reporter Joey Roulette. The company did not immediately respond...

Even one of the world’s richest men needs to pare expenses sometimes. Blue Origin, the spaceflight company started by Amazon (AMZN-1.42% ) founder Jeff Bezos, will soon lay off workers, according to Bloomberg. Citing an unnamed source, the Bloomberg report said the layoffs could impact as many as 1,000 workers. Such a reduction would amount to almost 10 percent of Blue Origin’s almost 11,000-strong workforce. The cuts, according to the Bloomberg report, would allow the company to focus more on R&D. The layoffs would not be the first for Blue...