Because of uncertainty around the financing, Blue Apron had previously withdrawn its proposed revenue growth targets for the full year. The company said that a proposed financing agreement with an affiliate of a shareholder did not unfold as expected, and that it was discussing its options with financial advisors. Blue Apron, once a high-flying leader in the subscription meal kit delivery niche, said it will trim its workforce by 10% to cut costs amid rising financial pressures.
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