United Launch Alliance (ULA) will cut up to 875 jobs through 2017 in order to compete with SpaceX.
CEO Tory Bruno on Wednesday said Centennial-based ULA plans to reduce its workforce by another 400 to 500 people next year.
“We have this year’s 375,” Bruno said. “There will be another one at the end of next year that’s a bit larger but along the same order of magnitude. And then we’re done.”
The reductions in 2017 will be spread across all five of ULA’s sites, he said. Those are in Colorado, California, Texas, Alabama and Washington, D.C.
ULA currently employs 3,400 people, with about 1,500 in Colorado.