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Blue Apron laying off 10% of corporate workforce
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Blue Apron announced Thursday that it's laying off 10% of its corporate workforce in order to reduce expenses and streamline operations.
"To create a more nimble, focused organization and to better align internal resources with strategic priorities, Blue Apron is streamlining its personnel this week," the New York-based meal kit company said.
BLUE APRON HOLDINGS
Blue Apron, which launched in 2012, says its plan to reduce marketing, consulting and labor spend in 2023 will help it cut costs while also streamlining decision-making and its organizational structure.
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The company expects to incur $1.2 million in employee-related expenses as a result of the workforce reduction. The company says it expects to recognize these expenses in the fourth quarter of 2022.