Blue Origin announced plans to lay off about 10% of its workforce — or more than 1,000 employees — nearly a month after the company debuted its first orbital rocket.

Blue Origin has drawn unfavorable comparisons to Elon Musk’s SpaceX, which leapfrogged many startups to become the world’s most prolific rocket launcher.

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