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 an email to employees, the company’s chief executive said the company had become bloated during its growth in recent years.

Blue Origin has drawn unfavorable comparisons to Elon Musk’s SpaceX, which leapfrogged many startups to become the world’s most prolific rocket launcher.