Blue Origin is preparing for significant job cuts to reduce costs and focus on increasing rocket launches after years of research and development, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Blue Origin, the rocket company owned by Amazon founder Jeff Bezos, is reportedly laying off almost 1,400 employees, about 10% of its workforce. The job cuts signal a pivot for the space firm, which said it wanted to trim managerial ranks and focus its resources on ramping up launches of its giant New Glenn rocket.

While the exact scale of the job cuts is unclear, one source indicated in the report that it could involve hundreds of positions, potentially affecting up to a thousand or more employees

Jeff Bezos’ space company Blue Origin LLC is cutting about 10% of its workforce, a significant pullback aimed at slashing costs and refocusing resources after years of development work.