The CEO of Jeff Bezos' Blue Origin announced in an all-hands call on Thursday company-wide layoffs of "about 10 percent" of its employees, a sweeping readjustment as it aims to cut costs and ramp up rocket launches.

The capsule, carrying 30 science payloads, landed in the desert 10 minutes after liftoff, slowed by parachutes and a final nudge from its retrorockets. Blue Origin builds and tests its rocket engines in Huntsville. Some of its engines are also used on United Launch Alliance’s Vulcan rockets.

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,

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

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

Blue Origin is reportedly planning on letting go of approximately 10% of its workforce—about 1,000 employees—nearly a month after the inaugural liftoff of New Glenn. The company is hoping to focus on growth over the next few years,