Blue Apron to cut 10% of corporate workforce

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The logo of Blue Apron is shown on screens above the floor of the New York Stock Exchange before the company's IPO in New York

(Reuters) – Meal kit company Blue Apron Holdings Inc said on Thursday it would cut about 10% of its corporate workforce as it looks to reduce costs and streamline operations.

The company expects to incur about $1.2 million in employee-related expenses, primarily consisting of severance payments, in the fourth quarter of 2022.

(Reporting by Deborah Sophia in Bengaluru)

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