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[ad_1] Juul Labs signage is seen in the window of a store in San Francisco, June 25, 2019. David Paul Morris | Bloomberg | Getty Images Juul Labs said Wednesday it's planning to cut about 30% of its workforce as it looks to cut costs and boost profits. The layoffs will affect about 250 people, reducing the company's headcount to about 650, a company spokesperson said. This will reduce operating expenses by $225 million, the Juul spokesperson added. Juul, which is seeking federal authorization to keep its e-cigarette products on the market, said the cuts will improve its margins and free up cash for litigation settlements. "Today, Juul Labs is announcing a company restructuring aimed at reducing our operating costs and positioning us to continue to advance our mission during a period of regulatory and marketplace uncertainty," the company said in a news release . Last year, the vaping giant had its products ordered off the market by the Food and Drug Administrati

[ad_1] Washington — The number of different electronic cigarette devices sold in the U.S. has nearly tripled to over 9,000 since 2020, driven almost entirely by a wave of unauthorized disposable vapes from China, according to tightly controlled sales data obtained by The Associated Press. The surge stands in stark contrast to regulators' own figures, which tout the rejection of some 99% of company requests to sell new e-cigarettes while authorizing only a few meant for adult smokers . The numbers demonstrate the Food and Drug Administration's inability to control the tumultuous vaping market more than three years after declaring a crackdown on kid-friendly flavors . Most of the disposable e-cigarettes, which are thrown away after they're used up, come in sweet and fruity flavors like pink lemonade, gummy bear and watermelon that have made them the favorite tobacco product among teenagers. They are all technically illegal, b