, and increased competition, embattled vaping company Juul Labs is reportedly laying off hundreds of employees.
The San Francisco company rocketed to the top of the U.S. vaping market five years ago on the popularity of flavors like mango, mint and creme brulee. But rampant teen use fueled a backlash and triggered a series of government actions that have forced the company to drop all U.S. advertising and discontinue most of its flavors.
FILE PHOTO: A shopkeeper demonstrates smoking a Juul brand vaping pen to customers at a Juul shop in Jakarta, Indonesia, December 30, 2019. Juul's share of the $5.5 billion retail market, meanwhile, has plummeted to about 33% from a high of 75% several years ago.
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: KTVU - 🏆 465. / 53 Read more »
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.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »
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.
Source: ABC7NY - 🏆 592. / 51 Read more »
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?
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Vaping company Juul cuts 400 jobs amid growing setbacksWASHINGTON (AP) — Embattled vaping company Juul Labs announced hundreds of layoffs Thursday as the company weathers lawsuits, government bans and increasing competition for its electronic cigarettes. …and Bidenflation” Is government bans why votetimscott SenatorTimScott accepts donations from them? Thoughts and prayers
Source: AP - 🏆 728. / 51 Read more »