Juul Labs is planning to put off 30% of its workforce because it looks to chop costs, the Wall Street Journal reported on Wednesday.
The corporate plans to put off about 250 people in its latest round of cuts, reducing its workforce to around 650, the report said.
The corporate plans to put off about 250 people in its latest round of cuts.REUTERS
The cuts will reduce operating expenses by $225 million, the Journal reported.REUTERS
The cuts will reduce operating expenses by $225 million, WSJ reported, citing an organization spokesperson.
Juul didn’t immediately reply to a request for comment.
