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Juul to cut 30% of its workforce in bid to slash costs and boost profitability

Newsology1 year ago03 mins

[ad_1] Juul Labs signage is seen in the window of a store in San Francisco, June 25, 2019. David Paul Morris | Bloomberg | Getty Images Juul Labs said Wednesday it’s planning to cut about 30% of its workforce as it looks to cut costs and boost profits. The layoffs will affect about 250 people,…

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Juul to pay $462 million to settle youth vaping claims from six states, D.C.

Newsology2 years ago08 mins

[ad_1] Juul will pay $462 million to settle claims by six states and Washington D.C. that the vaping company marketed its addictive e-cigarettes to underage teens, five Democratic attorneys general announced Wednesday. The agreement is the largest multi-state settlement the company has reached to date, the attorneys general said during a press conference. It means…