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Stock impact report

Blue Apron layoffs hit office workers hardest, warehouse workers mostly spared [CNBC]

Blue Apron Holdings, Inc. (APRN) 
Last blue apron holdings, inc. earnings: 4/29 06:15 am Check Earnings Report
US:NYSE Investor Relations: investors.blueapron.com
Company Research Source: CNBC
Meal kit makers Blue Apron announced in an SEC filing on Wednesday that the company is laying off 6% of its employees, or approximately 300 people. The layoffs hit salaried employees hardest, and affected few shift workers in the company's warehouses, according to two sources with direct knowledge -- one current and one laid-off employee. The company's CEO had described the layoffs as a company-wide realignment, in an email to employees. Blue Apron let go of marketing, software development, operations and business development talent in its New York headquarters, sources confirmed. Blue Apron did not immediately respond to a request for comment. The layoffs on Wednesday followed a period of aggressive marketing and other expenditures by Blue Apron leading up to its IPO in June. It recently established a new, high-tech fulfillment center in Linden, New Jersey. And its hiring rate had been aggressive before and after its public market debut. In Blue Apron's IP Show less Read more
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