Juul Lays Off Half of Its Workers Following Tightened Regulations

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A Juul Labs Inc. e-cigarette, USB charger and flavored pods on July 8, 2018. MUST CREDIT: Bloomberg photo by Gabby Jones.
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The world’s top e-cigarette company is reportedly going to lay off more than half of its workers due to a massive sales plunge after regulations began to strangle the industry over the last year.

Juul announced it would cut 1,200 staffers and remove its product from various Asian and European markets entirely, according to The Wall Street Journal.

A company representative said, while no permanent decision has been made, Juul is taking the time to determine the role of its staffers within the company. Juul is owned in part by Altria, which manufactures Marlboro cigarette brand.

Read more at NEWSMAX.

{Matzav.com}

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