Vaping giant Juul is cutting staff in corporate restructuring as scrutiny intensifies

Business

James Monsees, co-founder and chief product officer at JUUL Labs Inc., appears before the House Economic and Consumer Policy Subcommittee which is examining JUUL’s role in the youth nicotine epidemic, on July 25, 2019 in Washington, DC.

Mark Wilson | Getty Images News | Getty Images

Vaping giant Juul Labs plans to restructure and cut back its staff as state, federal and international health regulators pull its fruit flavored pods off store shelves amid a public health crisis, the Wall Street Journal reported.

The company is eliminating some of it’s 3,900 employees, slowing hiring and reviewing its current job postings the WSJ reported, citing sources familiar with the matter.

This story is breaking. Check back for updates.

Articles You May Like

With 62% of Americans living paycheck to paycheck amid inflation, more people have a side job
China’s banking troubles are not the same as Silicon Valley Bank, economist says
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Tax Attorney Recalls FBAR Case Journey From IRS Dispute To Supreme Court Decision
Inclusive Capital’s Ubben named to Vistry board as homebuilder looks to leverage recent acquisition

Leave a Reply

Your email address will not be published. Required fields are marked *