Juul will cut 500 jobs as it prepares for a ban on flavored pods - Business Insider

A Juul spokesperson confirmed the cuts in a statement to Business Insider, stating that the e-cigarette giant is thinning its staff to "right-size the business," which hired an average of 300 people per month in 2019. The cuts would account for roughly 10% to 15% of the company's workforce.

Juul's new CEO, K.C. Crosswaite, who joined the company after leaving the Altria Group last month, has overhauled the company's priorities in response to backlash from regulators. Juul has halted all product advertising in the US, suspended its sales of Mango, Creme, Fruit, and Cucumber flavored pods, and has said it will comply fully with federal regulation.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

S&P 500 propelled to record high by strong earnings season - Business InsiderThe S&P 500, Nasdaq composite, and Dow Jones industrial average all rose during US trading on Monday.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Asia stocks set for higher open amid US-China trade optimism, S&P 500 record highThe Office of the U.S. Trade Representative said Monday that Washington will consider extending certain tariff exclusions on $34 billion worth of imports from China. let the ccp collapse it about time anyways What trade optimism? Buying 2017 levels of soybean for no tariffs, is that your shitty optimism? Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc
Source: CNBC - 🏆 12. / 72 Read more »