United Launch Alliance on Thursday laid off 87 people in Colorado as part of a broader workforce reduction the Centennial-based company announced earlier this year.
A total of 350 jobs were cut, 110 of which were layoffs in all job categories at ULA offices in Colorado, California, Texas, Alabama and Florida, spokeswoman Jessica Rye said.
Employees were notified Thursday morning.
ULA in April said it expected to cut 375 jobs. Rye said then that the company intended “to accomplish most, if not all of the reductions via voluntary separation.” On Thursday she said the company had accepted 240 voluntary separations.
ULA, a joint venture of Lockheed Martin and Boeing, has been struggling to become more nimble and competitive as it battles upstarts, including Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX, for work launching satellites and vehicles to space.
In April, CEO Tory Bruno said the company likely will cut its workforce by an additional 400 to 500 people in 2017.
Rye said departing employees will receive a compensation package valued above current industry standards.
Before the cuts, ULA employed about 3,400 people, about 1,500 who worked in Colorado.
