Blue Apron Lays off Hundreds of Employees
Meal kit maker Blue Apron (NYSE: APRN) recently announced that it would lay off about 300 employees, or 6% of its workforce, in a bid to boost the company's "future growth." Employees in the marketing, software development, operations, and business development talent departments will be laid off, resulting in a $3.5 million charge.
CEO Matt Salzberg stated that the layoffs would "streamline decision making for greater accountability," but investors likely interpreted the move as another indicator that the company is in trouble. Blue Apron's stock tumbled 2.5% on Oct. 19 following the announcement, and is now almost 50% below its IPO price of $10.
Image source: Blue Apron.
Source: Fool.com
Amazon.com Inc. Aktie
Starke Bevorzugung von Amazon.com Inc. in der Community mit ausschließlich Buy-Einschätzungen.
Mit einem Kursziel von 192 € für Amazon.com Inc. könnte eine leichte Steigerung gegenüber dem aktuellen Kurs von 161.02 € erreicht werden.