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Juul Announces Layoffs And Exit From Two International Markets

The United States-based e-cigarette company Juul is planning to lay off more than half of the global employees, the Wall Street Journal reported, citing according to the people familiar with the matter.

According to the company’s website, it currently employs 2,200 people. Its plan to cut off a considerable amount of salesforce comes amidst its decision to halt its sales across Asia and Europe.In a press release published on Thursday, Juul announced that it “will be making a significant global job reduction” and will be exiting the EMEA and APAC regions owing to the nether return on the investment.

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