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.

Jeff Bezos’ space company Blue Origin LLC is cutting about 10% of its workforce, a significant pullback aimed at slashing costs and refocusing resources after years of development work.

Jeff Bezos’ space company Blue Origin LLC is said to cut 10% of its workforce, according to people familiar with the cuts.

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