Jeff Bezos' space company Blue Origin LLC is cutting about 10% of its workforce, a significant pullback aimed at slashing costs and refocusing resources after years of development work.

Jeff Bezos’ space company Blue Origin LLC is cutting about 10% of its workforce, a significant pullback aimed at slashing costs and refocusing resources after years of development work.

Jeff Bezos' rocket company Blue Origin is cutting 10% of its workforce. The move comes just a month after the debut of Blue Origin's New Glenn rocket, which reached orbit on its first try.

Cuts will be at least in the hundreds of jobs and potentially reach one thousand or more employees, a source said. Read more at straitstimes.com.

Blue Origin is reportedly planning on letting go of approximately 10% of its workforce—about 1,000 employees—nearly a month after the inaugural liftoff of New Glenn. The company is hoping to focus on growth over the next few years,