OPEN THREAD: Hump Day.

AS A WISE COMMUNITY ORGANIZER LIKES TO SAY, GET IN THEIR FACES AND PUNCH BACK TWICE AS HARD:

TIMUR KURAN IS RIGHT AGAIN:

I’d really like to have a beer with this guy.

AND ACCUSE YOU OF FASCISM FOR WANTING TO ALLOW PEOPLE TO REBUILD:

BLUE CITY BLUES: Starbucks cuts more jobs in Seattle.

Starbucks is moving forward with a new series of 61 staff reductions in its corporate headquarters in Seattle.

All the layoffs are in the company’s technology department and are a result of a reorganization within that group, according to a notice filed with the Washington State Employment Security Dept on May 8.

Starbucks officials did not respond to a request for comment.

Starbucks announced last month that it is moving some Seattle technology teams to Nashville as part of the opening of a regional office there. The company has said its main office will remain in Seattle.

Company officials have said that the new regional headquarters will employ 2,000 employees, but have not said how many jobs will be moved from Seattle to Nashville.

Starbucks has around 3,000 corporate employees in Seattle.

For now.

THE NEW SPACE RACE: Blue Origin may need external funding to hit ambitious launch targets.

Chief Executive Dave Limp told employees at a recent all-hands meeting that the company would require outside investment if it were to significantly increase its launch cadence, according to details of the meeting from two people who attended.

He said it would “take a lot of capital” to achieve the number of rocket launches Blue Origin has targeted—more money than would be available with “just one investor,” the people added.

Blue Origin has set ambitious launch targets after reaching orbit with New Glenn, a 98-meter-tall heavy-lift rocket, for the first time in January 2025. It is competing with SpaceX for large commercial contracts and to develop a lunar lander for Nasa’s Artemis program.

Blue Origin is considering fundraising as SpaceX, which dominates the space launch market, gears up to list on the public market as early as June, with a valuation in excess of $1.75 trillion.

Limp told employees Blue Origin would have to demonstrate strong economics but that external funding was one option “on the table,” the people added.

Where’s Jeff Bezos?

HANG IN THEIR KEIR, JUST LONG ENOUGH TO DRAG ALL OF LABOUR WITH YOU: The Starmer Drama Continues. “A rift is actively tearing the Labour Party to pieces. CNN reports that some 100 MPs signed a letter warning against a leadership contest — which Downing Street swears it didn’t organize. Yeah. Sure.”