Vaping company Juul cuts 400 jobs amid growing setbacks

The Wall Street Journal first reported the news Thursday morning.

The backlash against teen vaping triggered a series of government actions that have forced the company into retreat. Since 2019, Juul has dropped all U.S. advertising and discontinued most of its flavors.Food and Drug Administration rejected the company’s application to keep its product on the market

Another setback came in September when the company’s largest investor, tobacco giant Altria, announced plans to resume competing on its own in the e-cigarette space.Altria pulled its own e-cigarettes off the market in 2018 after taking a nearly $13 billion stake in Juul. But thatas Juul’s prospects have dimmed, giving Altria the option to exit its non-compete agreement.

The people responsible already made all their money before anything caught up to them. As far as they're concerned, they win

Did Elon buy Juul too?

Juul should suffer severe consequences for intentionally marketing high nicotine vapes to children in order to get them hooked despite repeatedly being warned by the FDA and other agencies. And I say this as a long-time e-cig user.

Thoughts and prayers

Is government bans why votetimscott SenatorTimScott accepts donations from them?

…and Bidenflation”

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Vaping company Juul cuts 400 jobs amid growing setbacksEmbattled vaping company Juul Labs announced hundreds of layoffs Thursday as the company weathers lawsuits, government bans and increasing competition for its electronic cigarettes.
Fonte: KTVU - 🏆 465. / 53 Consulte Mais informação »

Vaping company Juul cuts 400 jobs, citing lawsuits, government bans, increasing competition as causeFor weeks, industry analysts have speculated that Juul could soon declare bankruptcy or sell itself to another company. Thursday's announcement appears to have at least delayed any move in that direction.
Fonte: abc7newsbayarea - 🏆 529. / 51 Consulte Mais informação »

Vaping company Juul cuts 400 jobs, citing lawsuits, government bans, increasing competition as causeFor weeks, industry analysts have speculated that Juul could soon declare bankruptcy or sell itself to another company. Thursday's announcement appears to have at least delayed any move in that direction.
Fonte: ABC7NY - 🏆 592. / 51 Consulte Mais informação »

Vaping company Juul cuts 400 jobs, citing lawsuits, government bans, increasing competition as causeFor weeks, industry analysts have speculated that Juul could soon declare bankruptcy or sell itself to another company. Thursday's announcement appears to have at least delayed any move in that direction. Will you be stepping on 'Jeopardy' again this afternoon?
Fonte: ABC7Chicago - 🏆 284. / 63 Consulte Mais informação »