Juul Labs is planning to restructure its workforce, scaling back on new hires and eliminating some jobs, according to a person familiar with the matter.
The San Francisco start-up had been rapidly adding thousands of employees as part of global expansion plans. It currently employs about 3,900 people, more than twice as many as in December.In an effort to avoid layoffs, Juul instructed managers of some divisions to identify key roles and to rotate workers to new or existing open positions. Last week the company implemented a two-week hiring freeze.
Juul has been valued at $38 billion by investors including Marlboro cigarette maker Altria Group Inc., which
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