Our founders hand-packed the first Blue Apron boxes themselves, delivered them to family and friends, and received immediate positive feedback. The post Blue Apron Layoffs: Meal Delivery Company to Cut 1,270 Jobs appeared first on InvestorPlace.Blue Apron was founded in 2012 premised on a simple desire-our founders wanted to cook at home with their families, but they found grocery shopping and menu planning burdensome, time-consuming, and expensive. Square Inc (SQ) Stock Remains Insanely Priced on Solid Q2 Earningsħ Dividend Stocks to Buy on a Summer Swoon The stock is trading at under $6 a share, which is considerably less than its public opening price of $10.
“We hope that the remainder of our Jersey City employees will join us in Linden, as their knowledge and experience is invaluable,” the company wrote in its statement.ĪPRN shares fell 6.3% on the layoffs news. Initial reports suggested that the company was simply going to eliminate over 1,000 jobs.
It will be 495,000 square feet and all the staff from the previous center will have the opportunity to move there.Ī spokeswoman for Blue Apron said that 800 of the employees that will be affected have chosen to move to Linden, while the rest have yet to make a decision. To further the company’s operations, its New Jersey plant will be consolidated at a new fulfillment center in Linden, which is about 15 miles away from Jersey City. Blue Apron had 5,202 workers as of M arch 31, and it only had 1,051 employees two and a half years ago. The company’s Jersey City, New Jersey facility will be closing in October, according to a public notice published by it.
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