• About Us
  • Contact Us
  • Email Whitelisting
  • Terms and Conditions
  • Privacy Policy
Wholesome Area - Beauty Secrets and Tips
No Result
View All Result
  • Health Care
  • Health News
  • Healthy Advices
  • Well Being
  • Health Care
  • Health News
  • Healthy Advices
  • Well Being
No Result
View All Result
Wholesome Area - Beauty Secrets and Tips
No Result
View All Result
Home Health Care

Juul to avoid bankruptcy, laying off hundreds of workers

by
November 11, 2022
in Health Care
0
Juul to avoid bankruptcy, laying off hundreds of workers
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Electronic cigarette company Juul Labs Inc. has found a way to avoid bankruptcy through a cash infusion from its early investors, with the new plan involving a round of layoffs.

“Today, Juul Labs has identified a path forward, enabled by an investment of capital from some of our earliest investors. This investment will allow Juul Labs to maintain business operations, continue advancing its administrative appeal of the FDA’s marketing denial order and support product innovation and science generation,” a Juul spokesperson said in a statement provided to The Hill.

As the company’s spokesperson noted in their statement, the Food and Drug Administration (FDA) briefly banned the sale and marketing of Juul’s e-cigarettes over the summer as part of the agency’s efforts to tamp down on youth vaping.

The FDA’s ban on Juul’s products was lifted shortly after it was issued due to “scientific issues” that warranted “additional review.”

“To further secure the company’s ability to continue moving forward, we are also undertaking a reorganization, including the difficult but necessary step of separating from many valued colleagues,” added the Juul spokesperson.

The Wall Street Journal was first to report on Juul’s plan to avoid bankruptcy.

A company official who spoke with the Journal said roughly 400 people are expected to be laid off and the company’s operating budget will also reportedly be cut down by 30 to 40 percent.

This is the latest development in what has been a fiscally and legally tumultuous year for Juul. It was reported last month that the company had cancelled plans to expand outside the U.S.

Shortly after the FDA’s ban was lifted, Juul disclosed in July that it was exploring multiple financing alternatives as it faces a potential ban by the federal government as well as thousands of lawsuits at the state level alleging that it marketed its products to children and young people with its fruit and candy-flavored vape pods.

Previous Post

Health Care — Abortion activists emboldened by successful election

Next Post

Health Care — Biden: US women ‘made their voices heard’ at polls

Next Post
Health Care — Biden: US women ‘made their voices heard’ at polls

Health Care — Biden: US women ‘made their voices heard’ at polls

  • Trending
  • Comments
  • Latest
Americans die younger in states with conservative policies: study

Americans die younger in states with conservative policies: study

October 27, 2022
Those at risk for severe COVID-19 often least likely to get monoclonal antibodies

Those at risk for severe COVID-19 often least likely to get monoclonal antibodies

April 26, 2022
Biden says US has offered vaccines to North Korea but got no response

Biden says US has offered vaccines to North Korea but got no response

May 21, 2022
In Alzheimer’s, DNA errors stress cells, create dysfunction

In Alzheimer’s, DNA errors stress cells, create dysfunction

April 26, 2022
Dr. Oz welcomes move by states to reduce migrant health coverage

Dr. Oz welcomes move by states to reduce migrant health coverage

0
Authentic Doctors V/S Quacks: Do You Really Know the Difference?

Authentic Doctors V/S Quacks: Do You Really Know the Difference?

0
Top Picks for Meditation Location in the US for a Person with Disability

Top Picks for Meditation Location in the US for a Person with Disability

0
Treat Yourself at the Spa: 7 Health Benefits of Spa Treatments

Treat Yourself at the Spa: 7 Health Benefits of Spa Treatments

0
Dr. Oz welcomes move by states to reduce migrant health coverage

Dr. Oz welcomes move by states to reduce migrant health coverage

June 21, 2025
Trump administration makes sweeping changes to ObamaCare, ends ‘Dreamer’ coverage

Trump administration makes sweeping changes to ObamaCare, ends ‘Dreamer’ coverage

June 20, 2025
HHS investigating Michigan healthcare system over alleged conscience rights violation

HHS investigating Michigan healthcare system over alleged conscience rights violation

June 20, 2025
New COVID-19 variant causes ‘razor blade throat’

New COVID-19 variant causes ‘razor blade throat’

June 20, 2025

Recent News

Dr. Oz welcomes move by states to reduce migrant health coverage

Dr. Oz welcomes move by states to reduce migrant health coverage

June 21, 2025
Trump administration makes sweeping changes to ObamaCare, ends ‘Dreamer’ coverage

Trump administration makes sweeping changes to ObamaCare, ends ‘Dreamer’ coverage

June 20, 2025
HHS investigating Michigan healthcare system over alleged conscience rights violation

HHS investigating Michigan healthcare system over alleged conscience rights violation

June 20, 2025
New COVID-19 variant causes ‘razor blade throat’

New COVID-19 variant causes ‘razor blade throat’

June 20, 2025
Enter Your Information Below To Receive Free Health and Beauty Tips and Ideas





    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contact Us
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • About Us
    • Contact Us
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy

    Disclaimer: Healthyfemalearmy.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized beauty advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give health advice or provide beauty recommendation. Any recommendations here should be taken into consideration only after consulting with your doctor.
    © 2023 Wholesomearea.com. All rights reserved.

    No Result
    View All Result
    • Health Care
    • Health Medicine
    • Health News
    • Healthy Advices
    • Well Being

    Disclaimer: Healthyfemalearmy.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized beauty advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give health advice or provide beauty recommendation. Any recommendations here should be taken into consideration only after consulting with your doctor.
    © 2023 Wholesomearea.com. All rights reserved.