Turmoil at Bezos’ Blue Origin: Talent exodus came after CEO’s push for full return to the office [CNBC]
Aerojet Rocketdyne Holdings, Inc. (AJRD)
Last aerojet rocketdyne holdings, inc. earnings: 2/19 04:11 pm
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Source: CNBC
Multiple people told CNBC that the departures are a direct reflection on the leadership of CEO Bob Smith. The central sticking point, and cause cited by many people who recently left, was Smith’s strong push this year for all Blue Origin employees to return to the office. During Smith’s tenure the company has struggled to deliver on multiple major programs, highlighted by Blue Origin’s chief operating officer leaving late last year. Jeff Bezos’ Blue Origin is suffering from an elevated turnover rate, CNBC has learned, with the space company losing talent primarily from CEO Bob Smith’s pressure to return to the office. A Blue Origin spokesperson told CNBC that attrition “has never exceeded 12.7%” on an annualized rate, which measures personnel losses over the 12 months. While that’s notably above the company’s typical attrition of 8% to 9% a year, multiple people familiar with the situation told CNBC that, measuring from the start of the calendar year, attrition has already exceed
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