Eric Johnson

2 months ago | fortune.com | Eric Johnson |Loren Grush |Sana Pashankar

Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M. Santiago—Getty Images

2 months ago | news.bloombergtax.com | Eric Johnson |Loren Grush |Sana Pashankar

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2 months ago | torontosun.com | Eric Johnson |Loren Grush |Sana Pashankar

The rocket and engine maker laid out the personnel shakeup during an all-hands employee meeting with Chief Executive Officer Dave Limp Thursday morning, confirming a workforce reduction first reported by Bloomberg. In a memo sent to employees, Limp said the company’s growth led to “more bureaucracy and less focus” than needed after a hiring spree over the past few years. After years of expansion bankrolled by Bezos, who started Amazon.com Inc.

2 months ago | news.bloomberglaw.com | Eric Johnson |Loren Grush

Blue Origin LLC is bracing for a large reduction in its workforce, people familiar with the matter said, in a sign the Jeff Bezos-backed space company is looking to cut costs and focus resources on ramping up rocket launches after years of R&D work. The magnitude of the job cuts wasn’t immediately clear, though one of the people said it will be at least in the hundreds of jobs and potentially reach one thousand or more employees.

2 months ago | torontosun.com | Eric Johnson |Julie Johnsson |Loren Grush

The U.S. aerospace company cited revisions to NASA’s Artemis program and cost expectations in a brief statement that cited the potential for roughly 400 fewer positions by April 2025. “We are working with our customer and seeking opportunities to redeploy employees across our company to minimize job losses and retain our talented teammates,” a Boeing spokesperson said by email on Friday.