Re: Fights, Drugs, Weapons @ JC Blue Apron Facility
Posted by third_street_hats on 2017/8/4 15:38:03
Pretty inaccurate and hyperbolic headline. They opened a new facility in Linden and offered the option for all 1270 Jersey City employees to move to the new location. They also claim that the majority of the 1270 have opted to take the move.
Blue Apron to Slash Nearly 1,300 Jobs in New Jersey, or About a Quarter of its Staff
The layoffs would repressent about a quarter of the company's staff, based on the headcount in a recent regulatory filing. A Blue Apron spokeswoman was not immediately available to comment.
Blue Apron went public on June 29, but the market has not had much of an appetite for the stock; shares are down 37 percent since then.
The company lost more than $130 million from 2014 through 2016, and lost more money in the first quarter of this year. Blue Apron warned in a June 28 regulatory filing that it might never achieve profitability.
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