Juul Labs Is Looking to Cut a Third of Its Employees
Juul Labs is considering significant cuts to its workforce. The Wall Street Journal on Wednesday reported that the e-cigarette manufacturer, which is part-owned by tobacco giant Altria Group (NYSE: MO), is considering reducing staff by one-third, or about 900 workers. Juul is also facing more regulatory burdens, with the Federal Trade Commission recently seeking to end Altria's financial investment.