San Francisco-based Juul Labs plans to cut 500 jobs by the end of the year by rachsandl
: 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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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.
Lire la suite »
Juul Says It Will Lay Off Employees Amid Vaping ScrutinyThe company plans to cut 500 jobs by the end of the year, the Wall Street Journal reported.
Lire la suite »
Juul will cut 500 jobs as it prepares for a ban on flavored pods - Business InsiderJuul will cut 500 jobs as it prepares for a proposed nation-wide ban on flavored pods, which comprise over 80% of its US sales.
Lire la suite »
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.
Lire la suite »
TikTok owner ByteDance says it has no immediate Hong Kong IPO plans, denies FT reportByteDance, which owns short-form video app TikTok, said on Tuesday it had no imm...
Lire la suite »
Singapore's not going into a recession 'at this point,' trade minister says'We are of course cognizant of the larger forces moving in the world. But yet at the same time, we are quietly confident,' says Singapore's Minister for Trade and Industry, Chan Chun Sing.
Lire la suite »