Between 800 and 950 employees will be let go in what the San Francisco-based e-cigarette company called part of its “ongoing reset” unrelated to the COVID-19 pandemic. The layoffs come months after the company slashed 650 jobs as it grappled with declining market share and increased regulatory scrutiny. (Bloomberg, The Wall Street Journal)
Skip to content
Between 800 and 950 employees will be let go in what the San Francisco-based e-cigarette company called part of its “ongoing reset” unrelated to the COVID-19 pandemic. The layoffs come months after the company slashed 650 jobs as it grappled with declining market share and increased regulatory scrutiny. (Bloomberg, The Wall Street Journal)
Talking point: Once the stuff of Silicon Valley dreams, Juul has been a particularly wretched investment for Altria Group. The tobacco giant has twice written down its US$12.8-billion investment in the company, valuing its 35 per cent stake at US$4.2 billion in January.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Exclusive
PCO clerk Sabia stayed on Mastercard Foundation board for a year with no conflict screen
Briefing
Constellation Software’s Harris acquires TouchBistro
Aritzia doubles its first quarter profits on strong sales
Carney confirms Saudi Arabia’s Public Investment Fund to attend his investment summit
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
