Blue Apron is slipping after laying off hundreds of workers (APRN)

pulse

October 19, 2017 2:53 PM

Blue Apron's stock price took a hit on Thursday after the company announced layoffs of hundreds of workers.

Shares of Blue Apron are down 3.21% at $5.13 a piece after the company announced it would be laying off 6% of its workforce, or about 300 employees.

Blue Apron announced a "submitted to the SEC on Wednesday. The company plans spend $3.5 million on severance packages.

The layoffs included both positions in the company's corporate offices and fulfillment centers, according to the filing.

pulse

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng