The Incredible Shrinking Blue Apron
The pink slips are flying at Blue Apron (NYSE: APRN). The leading meal-kit provider announced that it had eliminated 6% of its workforce on Wednesday, cutting 320 employees loose in an effort to save money.
"I'm confident that the changes we made today will make our organization stronger and help us continue to improve the lives of our customers across the country," CEO Matt Salzberg writes in the organizational update that went out to employees on Wednesday.
Image source: Blue Apron.
Source: Fool.com