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

Juul is awaiting a decision from U.S. regulators on whether its products can remain on the market.

Juul is cutting roughly 30% of its staff in an effort to reduce its operating costs.

Last year, Juul nearly filed for bankruptcy after the FDA ordered its products off shelves. Juul appealed the decision and the ban was reversed for the time being.

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