Blue Apron to Cut 10% of Jobs as It Struggles to Stay Afloat (1)

Meal-delivery company Blue Apron Holdings Inc. said it’s cutting about 10% of its corporate workforce — part of a plan to drastically reduce expenses amid stagnant sales.

The company expects to slash spending by as much as $50 million in 2023 and “create a more nimble, focused organization and to better align internal resources with strategic priorities,” according to a statement Thursday. Blue Apron said it will incur about $1.2 million in employee-related expenses from the job cuts. The company had 1,694 full-time workers as of June 30.

The savings will help the company strengthen its balance sheet to maintain ...