The company plans to cut 500 jobs by the end of the year, the Wall Street Journal reported.
: After rapidly expanding and cornering the e-cigarette market, San Francisco-based Juul Labs plans to downsize as part of a “necessary reset” as the company faces increased scrutiny from regulators amid a spate of vaping-related illnesses. reported. A Juul spokesperson confirmed the company is laying off employees but declined to give a specific number.
Despite warnings from public health experts, Juul had been on a hiring spree over the last year. The company hired an average of 300 employees per month in 2019, growing to nearly 4,000 employees total. But Juul instituted a hiring freeze in September as regulatory pressure reached a breaking point, with some states passing measures outlawing the sale of e-cigarettes and the Trump administration considering a federal ban on flavored ones.
The layoffs will hit several departments, but a spokesperson said Juul’s product team and the team working on getting FDA approval will continue to grow.: “As the vapor category undergoes a necessary reset, this reorganization will help Juul Labs focus on reducing underage use, investing in scientific research, and creating new technologies while earning a license to operate in the U.S. and around the world,” CEO K.C. Crosthwaite said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Juul plans to cut about 500 jobs by the end of the year, report saysJuul Labs plans to cut about 500 jobs by the end of the year, the Wall Street Journal reported, citing people familiar with the matter.
Read more »
Juul to Cut About 500 JobsJuul Labs plans to cut roughly 500 jobs by the end of the year, reversing the embattled e-cigarette maker’s rapid expansion amid a mysterious vaping-related illness and a proposed ban on flavors that make up more than 80% of its U.S. sales.
Read more »
Trump approves Special Ops raid targeting ISIS leader Baghdadi and military says he's dead'Something very big has just happened,' tweeted Trump. The Defense Department reported 'high confidence' that Abu Bakr al-Baghdadi was dead.
Read more »
Madness lead singer Suggs says he loved to be a Chelsea football hooliganSuggs, 58, has confessed he loved going to football games for the thrill of violence in his younger days
Read more »
Donald Trump says ISIS leader Abu Bakr al-Baghdadi is dead
Read more »