Vaping firm Juul plans to lay off 30% of staff in bid to cut costs

Juul had been preparing to file for bankruptcy in the US before it got a financial lifeline in November from longtime shareholders Nick Pritzker and Riaz Valani. Picture: Getty

Vaping firm Juul Labs is planning to lay off 30% of its workforce as it looks to cut costs, the Wall Street Journal has reported.

The company plans to lay off about 250 people in its latest round of cuts, reducing its workforce to around 650, the report said.