Juul to Cut More Jobs
The e-cigarette maker said it will make a "significant global reduction" and exit multiple markets as part of a long-term strategy.
Juul to Cut 650 Jobs, Slash $1B in Costs
The move comes after Altria announced a $4.5 billion writedown of its investment.
Altria Takes $4.5 Billion Hit on Investment in Juul
"We did not anticipate this dramatic a change in the e-vapor category,” CEO Howard Willard says.
Juul Replaces CEO; Altria-Phillip Morris End Merger Talks
The e-cigarette company is also suspending advertising in the United States after vaping backlash.
E-cigarette Makers Questioned Over Health Concerns by U.S. House Panel
Recent vaping-related lung illness and the rising popularity of e-cigarettes among younger people is sparking concern.