Description
Added on the 02/10/2018 18:59:05 - Copyright : Wochit
Business Insider reports meal-kit maker Blue Apron hit a record low of $1.50 a share on Tuesday. Shares are down 85% since their June 2017 initial public offering. In August, the cook-at-home subscription service saw a 24% year-over-year drop in customers in Q2. Against competitors Amazon and Walmart, revenue per customer slipped to $250 from $251 last year.
Blue Apron has laid off 6% of its total workforce, the company announced in an SEC filing on Wednesday. The meal-kit delivery company had more than 5,000 employees across corporate offices and fulfillment centers when it went public in June. Using these figures, Blue Apron would have laid off roughly 300 employees on Wednesday. CEO Matt Salzberg said in a letter to employees this week: "A company-wide realignment, like the one we announced, is always painful, and especially so for a close-knit team like ours,"
Welcome to the Blue Story. From Rapman, creator of Shiro's Story, comes his first feature film, Blue Story. In Cinemas Now. Follow Blue Story Online: Facebook: ...
Beyonce will take fans behind the scenes of the making of her 'The Lion King: The Gift' album on TV documentary 'Making The Gift' tonight (16.09.19).