Blue Origin announced plans to lay off about 10% of its workforce — or more than 1,000 employees — nearly a month after the company debuted its first orbital rocket.

The CEO of Jeff Bezos' Blue Origin announced in an all-hands call on Thursday company-wide layoffs of "about 10 percent" of its employees, a sweeping readjustment as it aims to cut costs and ramp up rocket launches.

Jeff Bezos-owned Blue Origin will slash 10% of its workforce as it pivots toward increasing rocket launch frequency after years of research and development, the space company said Thursday. “Our primary focus in 2025 and beyond is to scale our manufacturing output and launch cadence with speed,