Amazon founder Jeff Bezos’ SpaceX rival Blue Origin may be planning job cuts

Amazon founder Jeff Bezos’ space company Blue Origin may be planning for major layoffs, a report claimed. The report didn’t mention the number of employees that will be affected by the speculated job cuts but claimed that this move may potentially affect hundreds or even more than a thousand employees.

A Bloomberg report citing sources suggested that the company’s CEO Dave Limp will address the workforce reduction during an all-hands meeting this week. The report also claims that this move is likely aimed at cutting costs and focusing resources on increasing rocket launches after years of research and development.