Juul plans to reorganize the company and cut 500 jobs
I am pleased to welcome everyone interested in the vaping industry. According to our plan, we have another roundup of world news, we will talk with you about the Jull company again. A lot was connected with this company, and it really did a lot for the industry, releasing its revolutionary devices that changed the outlook on vaping, now many companies are trying to produce something similar based on the experience of this company, but we all know what exactly James Monsys and Adam Bowen once decided on a revolutionary project and this was done not in vain. But change is required by everyone and always. As a result of a company review by the recently appointed CEO of Juul, the e-cigarette maker plans to cut about 500 jobs by the end of this year.
“We continue to review our policies and practices in anticipation of FDA recommendations and are not making final decisions,” said Juul spokesman Austin Finance in a statement. “We refrain from lobbying the administration for its draft taste guide and will fully support and abide by the final policy when it is deemed effective.”
The e-cigarette maker is also cutting its marketing budget and investing heavily in limiting vaping among minors. As a result of all this and a broad reorganization plan by the new CEO of KC Labs, he plans to cut about 500 jobs by the end of the year. It is expected that these reductions will be made in several departments, and all employees will have to receive termination benefits and any proportional bonuses to which they were entitled.
Reduction from 10 to 15% of their workforce. The San Francisco-based company currently employs about 4,100 people, so these cuts are thought to account for about 10-15% of its workforce. “Since the vaping industry is undergoing a necessary reboot, this reorganization will help Juul Labs focus on reducing the use of its own devices by minors, investing in research and creating new technologies when obtaining a license to work in the US and around the world,” Krostwate said in a speech.
Juul plans to develop a program that will help smokers move from smoking to using a Juul device. The Health Care Manager acknowledged that Juul products are not yet classified as smoking cessation products and therefore cannot be sold as such. In the meantime, a San Francisco-based producer is funding a study to be conducted by the Meharry College of Medicine in Nashville. The grant of $ 7.5 million is structured to provide full autonomy for researchers, including “sole ownership of the sponsored research and full control over the publication of the results.”