Juul Labs CEO K.C. Crosthwaite sent a memo to staffers on Wednesday addressing a report that the company planned to lay off 800 to 950 employees, or roughly one-third of its staff.
"I know it's frustrating to hear incomplete information from the press before you hear it from us," Crosthwaite said in the memo, which was obtained by Business Insider. "As I shared at our All Hands last week, we are continuing to evaluate our operations and the best way to position our company for the long term."Juul Labs CEO K.C.
"As we have seen before, information has leaked to the press about potential headcount reductions," Crosthwaite said in the memo, which was obtained by Business Insider. "I know it's frustrating to hear incomplete information from the press before you hear it from us." "As I shared at our All Hands last week, we are continuing to evaluate our operations and the best way to position our company for the long term," Crosthwaite continued. "We have made hard decisions over the last six moths, and we still have hard decisions to make. You have my word that I will bring you all together when we have final decisions and details to announce."
No tears here for Juul. Their E-cigarettes are killing young people at high rate 😤
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