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.

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

Jeff Bezos’ space company Blue Origin told employees Thursday it would lay off about 10% of its workforce. The company has more than 10,000 employees, with a major presence on the Space Coast at its rocket factory adjacent Kennedy Space Center Visitor Complex where it constructs its New Glenn rocket.