Jeff Bezos' rocket company Blue Origin is cutting 10% of its workforce. The move comes just a month after the debut of Blue Origin's New Glenn rocket, which reached orbit on its first try.

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,