Juul to trim business by $1 billion, starting with marketing

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 12%
  • Publisher: 52%

The company will cut 150 more jobs than it said it would in October.

United States Headlines News

United States Latest News, United States Headlines

As part of its cost-saving venture, the company plans on cutting 650 staff positions, or about 16 percent of its total workforce, CNN reported.

"The company's future advertising efforts will focus on direct marketing," according to CNN. That strategy enables companies to communicate directly to a consumer mail, email and texting rather than through advertising, according to. As such, Juul will continue to not advertise its products online, in print or on television, even if such advertising would possibly increase revenue in the long run.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Juul is laying off 650 people in a $1 billion cost-cutting planJuul on Tuesday announced an update to its major restructuring effort that includes layoffs and deep cost cutting. It's the latest development in a series of shakeups since September as Juul attempts to revamp its strategy in the face of heightened scrutiny of vaping. Do you need original/authentic views or subscribers for your youtube channel? + video SEO or channel SEO. If you need please inbox me. youtube_promotion youtube_seo video_seo Thought trump was the zero regulation, screw the system, profit over life capitalists.... won't he offer juul a pardon ... or does big tobacco & smoking cessation pharma 'pay' more? realDonaldTrump Something must give way. Lower revenue must be matched with cut in cost. Juul will need to innovate.
Source: CNN - 🏆 4. / 95 Read more »

Juul to cut $1 billion in costs as new CEO aims for rebootJuul Labs is restructuring its operations following a regulatory crackdown on vaping. The e-cigarette maker will cut nearly $1 billion in costs and slash 16% of its workforce Great job as usual regulators... Strengthen big tobacco incumbents. 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...
Source: Reuters - 🏆 2. / 97 Read more »

The Family Behind Gap Has Lost $1 Billion This Year As Stock Has PlummetedThe retailer’s largest shareholders, cofounder Doris Fisher and her three sons, have seen their stakes shrivel in value. Well at least they can still afford a nice pair of khakis They'll be ok. Maybe they can switch to wiping their asses with 20s instead of 50s. Please excuse me while I gather my emotions after hearing this horrible news
Source: Forbes - 🏆 394. / 53 Read more »

Juul to Cut Roughly 650 Jobs, or 16% of WorkersThe embattled e-cigarette maker also plans to cut $1 billion in spending next year as it braces for a hit in sales after voluntarily stopping the sale of its most popular flavor in the U.S. Would u say they're profit margin went up in 'vape' Good job Drumpf! Tiananmen 2019 is happening in Hong Kong The police are attacking the University We need the help of the world
Source: WSJ - 🏆 98. / 63 Read more »

Live Nation Lost $1.8B in Market Capitalization in Just Three Days. Why?Halloween shouldn’t have been a fright night for Live Nation. But investors still saw enough in the concert promotion-ticketing giant third’s quarter earnings report to get spooked. woah i’m early :0 interesting ...
Source: billboard - 🏆 112. / 63 Read more »

Juul to cut $1 billion in costs as new CEO aims for rebootJuul Labs is restructuring its operations following a regulatory crackdown on vaping. The e-cigarette maker will cut nearly $1 billion in costs and slash 16% of its workforce Great job as usual regulators... Strengthen big tobacco incumbents. 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...
Source: Reuters - 🏆 2. / 97 Read more »