In a telephone name described as “all-hands” by Reuters, the CEO of Jeff Bezos’ Blue Origin introduced layoffs affecting round 10% of his employees.
The corporate-wide layoffs will have an effect on round 1,400 folks.
Blue Origin had 14,000 staff earlier than the layoffs with workplaces in Texas, Florida, and Washington State.
Reuters stories that the assembly lasted 10 minutes and was scheduled the evening earlier than.
“There is no straightforward strategy to talk this,” CEO Dave Limp mentioned within the memo obtained by tech site GeekWire. “There is no query that we have had numerous successes over the previous few months.”
Limp was probably referring to the corporate’s profitable launch of its New Glenn rocket in January.
“However that being mentioned, whenever you take a look at the muse of the corporate and what we have to get to over the subsequent three to 5 years, we simply got here to the painful conclusion that we aren’t arrange for the form of success that we actually wished to have,” Limp added.
Amazon founder Bezos began Blue Origin in 2000. He is at present the third richest man on the planet with $248 billion, per Bloomberg.
