Embattled e-cigarette maker Juul Labs is discussing a plan to lay off nearly 1,000 employees, or roughly a third of its workforce, a person familiar with the matter said. The cuts, which follow Juul’s withdrawal of many of its flavored e-cigarettes under regulatory pressure, were in the works before the coronavirus hit and led to layoffs at other companies. The layoffs, which haven’t been...
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Inside the Culture Clash at JPMorgan and WePay
When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal. But it didn’t all go to plan. As the bank tried to digest the...
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