Jeff Bezos draws Amazon’s hard culture, 50-hour work week to Blue Origin: CEO says growth leads to “more bureaucracy…no longer focus” – Amazon.com (NASDAQ:AMZN)

Jeff Bezos Reshaping rocket manufacturers blue and Amazon.com Inc. Amzn Ask for corporate culture as he tries to accelerate the company’s progress Elon Musk’s SpaceX.

what happened: The world’s wealthiest man has appointed former Amazon executives to key leadership positions, including CEO Dave Limphe joined in late 2023. Several other Amazon veterans now play the C-Suite role, bringing the tech giant’s aggressive management style to space risks.

This cultural transformation has undergone significant changes. In February, about 10% of Blue Origin’s more than 10,000 workforce were fired, despite the company’s first orbital mission being the new Glenn Rocket launch in January. Meanwhile, employees reported longer hours of work, some moved to 50 hours of permanent work, and badge scanners tracked attendance.

“Over the past few years, we have grown and hired very quickly, and with this growth, our bureaucracy has become more bureaucratic and less attention,” Limpe told employees in an email obtained by the Financial Times.

Blue Origin did not immediately respond to Benzinga’s request for comment.

See also: NBA legend Shaq says his net worth is “quadruple” once he takes notes from Jeff Bezos and starts investing in things that “change people’s lives.”

Why it matters: Blue Origin lags significantly behind SpaceX, and it has reached orbit more than 450 times compared to Blue Origin’s single success. The company spends about $2 billion a year, while revenue is only $1 billion, the report said.

Bezos resigned as Amazon CEO in 2021 and played a more active role in Blue Origin.

The company also made headlines with its passenger space tourism industry. This spring, Blue Origin will launch its first all-female crew, including Bezos’ fiancé Lauren Sánchezpop singer Katy Perryand CBS reporters Gail King.

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Disclaimer: The content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.