What to Know
Meal delivery kit company Blue Apron will cut as many as 1,270 jobs in Jersey City as it transitions to Linden
The company went public in late June, but its stock has fallen 39 percent since
The cuts at the Jersey City warehouse would represent about a quarter of Blue Apron's total staff
Meal kit delivery service Blue Apron will potentially cut hundreds of jobs in New Jersey as it closes a facility in Jersey City in favor of a new one in Linden.
The company filed a so-called WARN Notice with the New Jersey Department of Labor this week, indicating it could eliminate 1,270 jobs at its Jersey City warehouse facility as of Oct. 6.
The layoffs would repressent about a quarter of the company's staff, based on the headcount in a recent regulatory filing.
A Blue Apron spokeswoman said the company has been encouraging Jersey City employees to transfer to the Linden facility, and that the majority have done so. That would mean the final layoff number would be well below the 1,270 figure, though the company declined to say exactly how many staff had accepted the transfer.
(The company initially said the 1,270 number represented the total number of employees who had not transferred, before correcting itself to clarify that it represented all employees at the facility.)
The Jersey City warehouse opened in late 2014; the Linden facility was announced in February of this year and has been ramping up since.
Blue Apron went public on June 29, but the market has not had much of an appetite for the stock; shares are down 39 percent since then, as of mid-afternoon Friday.
The company lost more than $130 million from 2014 through 2016, and lost more money in the first quarter of this year. Blue Apron warned in a June 28 regulatory filing that it might never achieve profitability.