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, the SpaceX competitor founded and funded by Jeff Bezos, is cutting 10 percent of its employees or about 1,400 people, according to The Seattle Times and CNN. Staff were informed of the news by Blue Origin CEO Dave Limp,