“Juul Labs Inc. is preparing to cut 25 per cent to 40 per cent of its workforce, according to a person familiar with the matter, in the latest round of layoffs at the e-cigarette company. The San Francisco-based company currently employs about 3,000 people after slashing about 650 jobs late last year. It could cut between 800 to 950 people in the latest round, the person said. Juul is downsizing amid scrutiny from regulators and shrinking sales. The company stopped selling its sweet flavours, including mint and mango, last year. Public-health groups and regulators have blamed Juul for fueling a teen vaping crisis. The company has said it never targeted minors in its marketing or promotions.”
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Juul said to cut up to 40% of workforce in new round of reductions
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