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Markets in chaos-stocks wiped out, tariffs from the 1930s, agencies collapsing. But it's not random: Trump's "GREAT RESET" is a four-year plan to reset markets, risking $10T in value. Discover if your retirement is in danger and learn the one trade that could turn $1,000 into $29,000 by the end of 2026.

Jeff Bezos' rocket company is slashing 10% of its workforce a month after debut orbital launch

MARCIA DUNN
February 14, 2025

CAPE CANAVERAL, Fla. (AP) -- Jeff Bezos' rocket company Blue Origin is cutting 10% of its workforce.

This week's move comes a month after the debut of Blue Origin's New Glenn rocket, which reached orbit on its first try. CEO Dave Limp relayed the layoff news to employees Thursday, with notifications going out Friday.

In an email to staff obtained by The Associated Press, Limp said it was a "tough decision" but that the company grew too fast over the past few years. "With that growth came more bureaucracy and less focus than we needed, he said in the note.

Limp said the cuts are needed in order to speed up manufacturing as well as the launch rate. Based in Kent, Washington, Blue Origin launches its New Glenn rockets from Florida and its smaller New Shepard rockets from Texas.

Like Elon Musk's SpaceX -- its chief competitor -- Blue Origin holds contracts from NASA to land astronauts on the moon in the coming years.

It was not immediately clear how many employees would be affected by the layoffs. The privately-held Blue Origin does not disclose employment figures.

___

The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute's Science and Educational Media Group and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.

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