Jeff Bezos’ Blue Origin is laying off 10% of its employees this week, the rocket company announced Thursday. Blue Origin CEO David Limp informed employees of the incoming layoffs in a memo, confirming that around 1,400 workers would be cut from the company’s workforce of 14,000.

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

Jeff Bezos’s Blue Origin rocket company plans to lay off 10 percent of its workforce as it seeks to revamp its operations to better compete with Elon Musk’s SpaceX.