Jeff Bezos’s aerospace company Blue Origin plans to cut about 10 percent of its workforce, its CEO told staff Thursday, according to an email obtained by The Hill. The company is

Blue Origin, formed by Amazon founder Jeff Bezos, had successfully launched its New Glenn rocket last month after years of delays.

In the memo to staff, Blue Origin's chief executive, Dave Limp, said the job cuts are part of a plan to trim managerial ranks and focus resources on ramping up rocket launches. Blue Origin has recently completed the first test flight of its New Glenn rocket,