New York (CNN Business) Embattled e-cigarette maker Juul Labs is laying off additional employees and considering pulling out of some international markets as part of what has become a year-long effort to turn its business around . Juul did not specify the number of positions it plans to eliminate, but said in a release Thursday that the layoffs will amount to a “significant reduction in global force.” The company currently employs around 2,200 people. The Wall Street Journal reported that the company aims to cut around 1,200 workers, citing people familiar with the matter. “No final decisions have been made and we will continue to go through our evaluation process,” a Juul spokesperson said in a statement to CNN Business. The layoffs are part of a series of changes at the company that began last September, when K.C. Crosthwaite, a former executive at tobacco company Altria, stepped in as CEO amid growing scrutiny of the company by retailers and regulators . The company last November announced a $1-billion cost-cutting plan and 650 layoffs. In April, it laid off additional employees . Read More Sales of minty vape products surged after Juul stopped selling fruity flavors, study finds It’s been a… Read full this story
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