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's New Glenn rocket on its Florida launch pad in January. (Blue Origin Photo) Jeff Bezos' Blue Origin space venture plans to cut about 10% of

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,