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New tech gadgets gizmos hi tech Juul confirms strategies to cut 500 tasks as it gets ready for a restriction on flavored pods, that make up 80%of its US sales


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New tech gadgets gizmos hi tech Juul confirms strategies to cut 500 tasks as it gets ready for a restriction on flavored pods, that make up 80%of its US sales

Juul will cut roughly 500 jobs between now and the end of the year, The Wall Street Journal first reported Monday.The cuts come as the e-cigarette company prepares for a proposed nation-wide ban on flavored pods, which comprise over 80% of its US sales.Juul said in a statement to Business Insider that the coming job…

New tech  gadgets  gizmos  hi tech  Juul confirms strategies to cut 500 tasks as it gets ready for a restriction on flavored pods, that make up 80%of its US sales

New tech gadgets gizmos hi tech

  • Juul will cut approximately 500 tasks between now and completion of the year, The Wall Street Journal initially reported Monday.
  • The cuts come as the e-cigarette business gets ready for a proposed nation-wide restriction on flavored pods, which consist of over 80%of its United States sales.
  • Juul said in a statement to Service Expert that the coming job cuts are required to “right-size business,” which worked with approximately 300 individuals per month in 2019.
  • The e-cigarette giant is likewise cutting all advertisements across the United States. Its Chief Marketing Officer, Craig Brommers, has actually left and will not be replaced.
  • Check out Company Expert’s homepage for more stories.

The federal crackdown on e-cigarettes is starting to take a toll on the workforce at Juul Labs, which will cut around 500 jobs in between now and completion of the year.

The task cuts, first reported by The Wall Street Journal, come as Juul prepares for a proposed federal ban on e-cigarette flavors. Non-tobacco flavors account for 80%of Juul’s United States sales, according to CNBC

A Juul representative verified the cuts in a statement to Company Insider, mentioning that the e-cigarette giant is thinning its personnel to “right-size business,” which employed approximately 300 people monthly in2019 The cuts would account for roughly 10%to 15%of the business’s labor force.

Significant electronic cigarette makers like Juul have actually come under severe examination from regulators, who implicated e-cigarettes of interesting minors with sweet- and fruit-flavored nicotine products and aggressive advertising campaigns. State and federal regulators have actually likewise examined numerous lung diseases connected to vaping, however none have actually been straight connected to Juul. Juul insists its main function is to help long-lasting cigarette smokers quit cigarettes.

Juul’s brand-new CEO, K.C. Crosswaite, who signed up with the business after leaving the Altria Group last month, has upgraded the business’s top priorities in response to backlash from regulators. Juul has actually halted all product advertising in the US, suspended its sales of Mango, Creme, Fruit, and Cucumber seasoned pods, and has stated it will comply fully with federal policy.

Juul’s previous Chief Marketing Officer Craig Brommers also recently left the company, a spokesperson verified. Juul will not have a CMO going forward offered its choice to stop advertising in the United States.

Crosswaithe has actually also reorganized the company’s government lobbying and compliance arms to concentrate on “making trust with regulators, policymakers and federal government authorities worldwide,” according to the representative.

” As the vapor category undergoes a needed reset, this reorganization will assist JUUL Labs focus on minimizing minor use, buying scientific research study, and creating brand-new technologies while earning a license to run in the U.S. and around the globe,” Juul CEO K.C. Crosswaithe said in a declaration.

As it braces for upcoming guideline, Juul is also exploring new devices, including possible Bluetooth-enabled device, the spokesperson said.

Got an idea about Juul or another business? Contact Aaron Holmes through email at aholmes@businessinsider.com or text or call (706) 347-1880 Open DMs @aaronpholmes

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