Jeff Bezos' Blue Origin is suffering from an elevated turnover rate, CNBC has learned, losing talent primarily in response to decisions made by CEO Bob Smith.
that was obtained by CNBC, seeking to "reassure" the company and emphasize that there is "no tolerance for discrimination or harassment of any kind."
Several people emphasized the exodus is a huge concern for Blue Origin, as the space industry has become incredibly competitive. Additionally, its headquarters in the Seattle suburb of Kent, Washington means that the best engineers can find high-paying work in other sectors. Finding the right new hires may also become more difficult without Freund, who left in September.
Instead, Smith spent millions of dollars this year renting out expansion office space near the company's headquarters, sources told CNBC. He wanted every single employee back into the office by September, with no flexibility for a hybrid model – and planned to effectively ban remote work, these sources said.
Blue Origin founder Jeff Bezos speaks to company employees during a launch preparation meeting in 2019.While Bezos in the spring was supportive of bringing employees back, a person familiar said he later overruled Smith's push. Aside from a limited number of essential workers, Blue Origin employees continue to work fully remote, two sources said, with the full return to the office now delayed to January.
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