Jeff Bezos’ space company Blue Origin told employees Thursday it would lay off about 10% of its workforce. The company has more than 10,000 employees, with a major presence on the Space Coast at its rocket factory adjacent Kennedy Space Center Visitor Complex where it constructs its New Glenn rocket.

Blue Origin, the rocket company owned by Amazon founder Jeff Bezos, is laying off about 1,400 employees, or about 10% of its workforce, according to an internal email obtained by BBC News.

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.