As Jul tries to stabilize his troubled business in the wake Regulatory crackdown And Multiple checks In its products and marketing strategy, the company is preparing for more layoffs and may eventually exit some overseas markets.
T.He recent events Indicates that a lot of things are still hidden in the one-time vap giant. T.He The Wall Street Journal Jul could exit as many as 11 countries to focus on its markets in the UK, US and Canada, it reported on Wednesday. The company Announced This week it is looking for cost-cutting measures as a means of re-allocating resources for new products and research.
a A spokeswoman for Jul would not comment on the number of planned cuts, but Gizmodo said the layoffs had not yet taken place. The company said it “continues to carefully evaluate how we allocate our resources so that we can implement our long-term approach and control our future in a growing class in a lack of confidence.”
“The global epidemic and the ongoing economic crisis have entered a world of uncertainty, for which we need to be prepared,” the company said. Website. “To better serve our goal, we must prioritize how we use our resources to implement our long-term, focused approach. This will allow Jul Labs to continue investing in science and evidence capabilities, markets access control technology and future products in key markets that make up a large part of our business. While those investments may not provide short-term income, they will help build confidence and build long-term company for adult smokers and underage consumption-fighting prospects. “
Jul saw a spectacular decline just several years before its prime year, when the rise resulted in a dominance of the market for most VAP products. Use of its products By teenagers. A number of regulatory crackdowns Both U.S. In And Abroad Health officials said a very popular fruit flavor at one point in July is pulled from the sale This Capsules Contributed to an epidemic Young nicotine use. In response, Jul explored a number of measures to prevent the sale and use of its products by minors. Age-locked Verification Tools.
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The company said this week that its latest steps “are the right steps to make the company more secure and realize the historic opportunity before us.”
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