Blue Origin CEO David Limp announced that the company is laying off about 10% of its workforce due to excessive bureaucracy resulting from rapid growth in recent years. Limp stated that the cuts would primarily affect engineering and management positions, reflecting a trend toward flattening organizational structures similar to actions taken at Amazon, another Jeff Bezos-founded company. This restructuring follows Blue Origin’s successful launch of its New Glenn rocket, indicating a need for increased focus as the company seeks to improve its operational efficiency and position in the competitive aerospace sector.
"We grew and hired incredibly fast in the last few years, and with that growth came more bureaucracy and less focus than we needed," David Limp, CEO of Blue Origin.
The cuts come just weeks after Blue Origin launched its first orbital rocket, New Glenn, highlighting the need for increased focus amidst rapid growth.
Bezos mentioned Blue Origin "is not a very good business, yet," indicating high hopes for its future despite current challenges.
Amazon CEO Andy Jassy's aim to have fewer middle managers specifically mirrors Blue Origin's recent restructuring moves.
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