Blue Apron is tanking and now it’s laying off a lot of people

A little over a month after Blue Apron’s disappointing stock market debut, the company is still struggling to make money as wary investors jump ship.

The company said Friday that it would lay off around 24 percent of its workers, bringing its total headcount down to less than 4,000, Bloomberg reported. All of the cuts—nearly 1,300 jobs—will happen at the company’s soon-to-be-shuttered plant in Jersey City, New Jersey.

Employees were told that they would have until October to decide whether to transfer to a smaller location the company’s opening about 15 miles from the closed facility, CNBC reports. Blue Apron told the network the number of layoffs could be smaller depending on that process. Read more…

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