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

Blue Origin announced plans to lay off about 10% of its workforce — or more than 1,000 employees — nearly a month after the company debuted its first orbital rocket.

Blue Origin, the rocket company owned by Amazon founder Jeff Bezos, is reportedly laying off almost 1,400 employees, about 10% of its workforce. The job cuts signal a pivot for the space firm, which said it wanted to trim managerial ranks and focus its resources on ramping up launches of its giant New Glenn rocket.