- Juul Labs Inc will cut nearly $1 billion in costs next year, a company official said on Tuesday, as its new chief executive officer tries to turn around the e-cigarette maker following a regulatory crackdown.
The official also said Juul would cut around 650 jobs, or 16% of its 4,051 strong workforce, starting Tuesday. The company had previously said it would cut 10-15% of its workforce by the end of this year.
Too late
The company shouldn’t have existed in the first place. Their entire product is predicated on it causing illnesses and death, 100% guaranteed. FDAFail
Mango was the best flavor and the government ruined it. Not the first time a government ruins a good thing because of financial interests. I hope people realize the gov has a financial interest in keeping sales of cigarettes high because they get kick backs from big tobacco.
I think somebody is sensing a very precipitous downturn in profits...
Great job as usual regulators... Strengthen big tobacco incumbents.
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