NEW YORK, United States - Troubled e-cigarette maker Juul plans to pull out of Europe and Asia and lay off more workers after already shedding a third of its workforce, the Wall Street Journal said We
dnesday.
The labor cuts would allow the company to invest in developing new products, according to an email sent to staff by Juul CEO Kevin Crosthwaite. Juul was accused of illegally selling its products to underage consumers and of having targeted high school kids, unleashing a landslide of lawsuits. It laid off almost a third of its 3,000 workers earlier this year, and now has a staff of around 2,200, the Journal said.
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