EconomyLens.com
No Result
View All Result
Thursday, July 3, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Bezos’s Blue Origin rocket firm to cut 10% of workforce

Andrew Murphy by Andrew Murphy
February 13, 2025
in Business
Reading Time: 5 mins read
A A
0
38
SHARES
475
VIEWS
Share on FacebookShare on Twitter

Blue Origin, whose rockets include New Shepard, seen in March 2022, has been attempting to land large government contracts . ©AFP

Washington (AFP) – Jeff Bezos’s rocket company Blue Origin is laying off around 10 percent of its workforce following a period of rapid expansion, the firm’s chief executive told staff on Thursday.

Related

France fines Shein 40 mn euros over ‘deceptive’ sales practices

Tesla reports lower car sales, extending slump

Tesla reports lower car sales but figures better than feared

French court convicts ex-Ubisoft bosses for workplace harassment

Fire that closed Heathrow traced to unrepaired transformer

“We grew and hired incredibly fast in the last few years,” CEO Dave Limp wrote in an email—a copy of which was obtained by AFP—explaining the company’s “tough” decision. “With that growth came more bureaucracy and less focus than we needed,” he continued, adding that the makeup of the company “must change.”

“Sadly, this resulted in eliminating some positions in engineering, R&D, and program/project management and thinning out our layers of management,” he said. The decision will affect more than 1,000 people given the firm’s roughly 11,000 employees, according to a recent PitchBook estimate of staffing levels.

Founded by Bezos almost a quarter of a century ago, Blue Origin is now one of the United States’ largest private space companies and has in recent years been attempting to win lucrative government contracts in an industry still largely dominated by Elon Musk’s SpaceX. Its massive New Glenn rocket recently reached orbital space for the first time, marking a potential turning point in the commercial space race.

The launch of this powerful, partly reusable rocket was a significant achievement for the company, which had previously been forced to postpone the launch several times due to technical issues. Blue Origin has already secured a NASA contract to launch two Mars probes aboard New Glenn and will also support the deployment of Project Kuiper, a satellite internet constellation designed to compete with Musk’s Starlink.

The company recently began taking tourists into space on its New Shepard rocket and is also developing a family of lunar landers for NASA’s Artemis missions to the moon.

In his email to staff, Limp said that Blue Origin still had a bright future ahead despite Thursday’s layoffs. “I am extremely confident in the enormous opportunities in front of us and have never been more optimistic about our mission,” he said. “We will be a stronger, faster, and more customer-focused company that consistently meets and exceeds our commitments.”

He added that the company still intends to land on the moon this year and increase the launches of its New Glenn and New Shepard rockets to a more “regular cadence.”

© 2024 AFP

Tags: blue originlayoffsspace exploration
Share15Tweet10Share3Pin3Send
Previous Post

US State Dept walks back purported $400 mn Tesla contract

Next Post

Ubisoft revenue drops after game flops, ‘Assassin’s Creed’ delays

Andrew Murphy

Andrew Murphy

Related Posts

Business

French league launches own channel to broadcast Ligue 1

July 1, 2025
Business

Trump says will ‘take a look’ at deporting Musk

July 1, 2025
Business

White House says Canada ‘caved’ to Trump on tech tax

June 30, 2025
Business

‘Embracing AI’: TomTom cuts 300 jobs

June 30, 2025
Business

Global matcha ‘obsession’ drinks Japan tea farms dry

June 29, 2025
Business

‘Eat the rich’: Venice protests shadow Bezos wedding

June 28, 2025
Next Post

Ubisoft revenue drops after game flops, 'Assassin's Creed' delays

Swedish video game maker wants industry to stop chasing money

Turkey fines Adidas $15,000 for pigskin shoes

Japan's Honda and Nissan scrap merger talks

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US stocks back at records as oil prices rally

July 3, 2025

UK’s Starmer backs finance minister after tears in parliament

July 3, 2025

Tesla reports lower car sales, extending slump

July 3, 2025

Strike by French air traffic controllers disrupts summer travel

July 3, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.