Oct 29, 2019

Juul to cut hundreds of jobs in "reset" effort

Photo: Robyn Beck/AFP/Getty Images

Juul plans to cut around 500 jobs by the end of the year in an attempt to mend the damaged relationship between the company and federal regulators, reports the Wall Street Journal.

Why it matters: The e-cigarette market has been upended by a Trump administration proposal to ban most flavored e-cigarette cartridges amid growing health concerns regarding youth vaping and a warning issued by the CDC against the use of the products.

  • In addition to cutting jobs, Juul will also cut back its marketing budget and invest in programs that attempt to reduce underage vaping.

By the numbers: Juul hired an average of 300 employees a month in 2019, swelling its staff to around 4,000 employees. Around 10% to 15% of Juul's workforce could be eliminated.

  • The company enacted a hiring freeze in last month shortly before the company’s new CEO K.C. Crosthwaite took over.
  • It also suspended all broadcast, print and digital advertising of its products in the U.S.
  • Crosthwaite said in a statement on Monday that the e-cigarette market is undergoing "a necessary reset."

Go deeper: More than 1,600 people report mysterious vaping illness

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Trump says he will campaign against Lisa Murkowski after her support for Mattis

Trump with Barr and Meadows outside St. John's Episcopal church in Washington, D.C. on June 1. Photo: Brendan Smialowski/AFP via Getty Images

President Trump tweeted on Thursday that he would endorse "any candidate" with a pulse who runs against Sen. Lisa Murkowski (R-Alaska).

Driving the news: Murkowski said on Thursday that she supported former defense secretary James Mattis' condemnation of Trump over his response to protests in the wake of George Floyd's killing. She described Mattis' statement as "true, honest, necessary and overdue," Politico's Andrew Desiderio reports.

4 hours ago - World

The president vs. the Pentagon

Trump visits Mattis and the Pentagon in 2018. Photo: Brendan Smialowski/AFP via Getty

Over the course of just a few hours, President Trump was rebuffed by the Secretary of Defense over his call for troops in the streets and accused by James Mattis, his former Pentagon chief, of trampling the Constitution for political gain.

Why it matters: Current and former leaders of the U.S. military are drawing a line over Trump's demand for a militarized response to the protests and unrest that have swept the country over the killing of George Floyd by police.

New York Times says Tom Cotton op-ed did not meet standards

Photo: Avalon/Universal Images Group via Getty Images)

A New York Times spokesperson said in a statement Thursday that the paper will be changing its editorial board processes after a Wednesday op-ed by Sen. Tom Cotton (R-Ark.), which called for President Trump to "send in the troops" in order to quell violent protests, failed to meet its standards.

Why it matters: The shift comes after Times employees began a coordinated movement on social media on Wednesday and Thursday that argued that publishing the op-ed put black staff in danger. Cotton wrote that Trump should invoke the Insurrection Act in order to deploy the U.S. military against rioters that have overwhelmed police forces in cities across the country.