Juul Plans to Restructure Its Workforce: Cut New Hires and Lay Off Employees
September 25 news: According to the Los Angeles Times, a knowledgeable source said Juul Labs Inc. plans to restructure its workforce, cutting new hires and laying off employees. The report says the vaping maker is under increasing scrutiny from state and
On September 25, according to the Los Angeles Times, a source revealed that Juul Labs Inc. plans to restructure its workforce by cutting new hires and laying off employees.
Reports indicate that due to a recent outbreak of mysterious lung diseases related to vaping in the U.S., this e-cigarette manufacturer is facing increasing scrutiny from state and federal officials. This month, the Trump administration proposed a ban on flavored e-cigarettes.
As part of its global expansion plan, this San Francisco startup has been rapidly increasing its workforce by thousands. Currently, it has about 3,900 employees, more than double the number in December.
The Wall Street Journal previously reported on the restructuring of Juul's workforce.
To avoid layoffs, Juul has instructed managers in certain departments to identify key roles and rotate staff into new or existing vacancies. Last week, the company implemented a two-week hiring freeze.
Investors, including Marlboro cigarette manufacturer Altria Group, have valued Juul at $38 billion, with Altria investing $12.8 billion in December for a 35% stake. As part of that deal, the 1,500 employees at the time received $2 billion in bonuses.
Reports indicate that due to a recent outbreak of mysterious lung diseases related to vaping in the U.S., this e-cigarette manufacturer is facing increasing scrutiny from state and federal officials. This month, the Trump administration proposed a ban on flavored e-cigarettes.
As part of its global expansion plan, this San Francisco startup has been rapidly increasing its workforce by thousands. Currently, it has about 3,900 employees, more than double the number in December.
The Wall Street Journal previously reported on the restructuring of Juul's workforce.
To avoid layoffs, Juul has instructed managers in certain departments to identify key roles and rotate staff into new or existing vacancies. Last week, the company implemented a two-week hiring freeze.
Investors, including Marlboro cigarette manufacturer Altria Group, have valued Juul at $38 billion, with Altria investing $12.8 billion in December for a 35% stake. As part of that deal, the 1,500 employees at the time received $2 billion in bonuses.
