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

Jeff Bezos’ space company Blue Origin LLC is said to cut 10% of its workforce, according to people familiar with the cuts.

New Glenn, which has been in development for about a decade, can carry 50 tons (45 metric tons) of payload to low Earth orbit (LEO). Its 23-foot-wide (7 m) payload fairing — the shell that surrounds and protects satellites during launch — is larger than that of any operational rocket.