Juul to Slash $1 Billion <br />in Costs With Layoffs .<br />The company will cut <br />650 jobs, an increase from the <br />previously announced 500.<br />The layoffs will represent 16% <br />of Juul’s 4,051 employees.<br />The move comes as Juul attempts to <br />reposition itself as a responsible company, <br />following the teen vaping epidemic.<br />"... this reorganization will help JUUL Labs focus on reducing underage use, investing in scientific research, and creating new technologies ..." <br />- Juul CEO K.C. Crosthwaite, via statement.<br />Juul recently halted sales <br />of its mint pods after already <br />pulling sweet flavors from <br />their website and retailers
