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

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

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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

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 CA
 

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

Canada Canada Latest News, Canada Canada Headlines

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

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 »