“E-Cigarette Maker Juul to Cut Staff by 50%, Exit More Markets”

“E-cigarette giant Juul Labs Inc. could cut more than half its workforce, according to a person familiar with the company’s plans, while it weighs exiting more European and Asian markets, further signs of the once high-flying company’s deteriorating fortunes.

Juul aims to reduce its workforce to about 1,000 employees, down from the current 2,200, the person said. A Juul spokesman said no final decisions have been made and that the company will continue to evaluate its options…”

https://finance.yahoo.com/news/e-cigarette-maker-juul-cut-215203422.html