Blue Origin, the space company founded by Jeff Bezos, has announced plans to cut approximately 10% of its workforce, citing excessive bureaucracy and a need to refocus on rocket launches. This decision follows the recent maiden launch of the New Glenn rocket and comes after years of significant expansion within the company. The layoffs, which may affect over 1,000 employees, are part of a strategy to streamline operations and improve launch capacity amidst mounting challenges in the competitive space industry.