Juul to Slash $1 Billion
in Costs With Layoffs .
The company will cut
650 jobs, an increase from the
previously announced 500.
The layoffs will represent 16%
of Juul’s 4,051 employees.
The move comes as Juul attempts to
reposition itself as a responsible company,
following the teen vaping epidemic.
"... this reorganization will help JUUL Labs focus on reducing underage use, investing in scientific research, and creating new technologies ..."
- Juul CEO K.C. Crosthwaite, via statement.
Juul recently halted sales
of its mint pods after already
pulling sweet flavors from
their website and retailers