What happened Shares of Blue Apron Holdings Inc. (NYSE: APRN) fell again today after reports were published saying it would cut 24% of its workforce. However, those were later corrected to say that the staff would instead be moved to a new facility. The stock was down 5.2% as of 2:48 p.m. EDT. Image source: Blue Apron. So what Bloomberg reported earlier this afternoon that the company would shut down its New Jersey facility and ax about 1,200 jobs. However, an updated version of the article published at 2:37 p.m. said that the company would be moving staff to a new facility, not laying them off. As of this writing, the stock had yet to recover. However, it seems like Blue Apron may be adding employees, not cutting jobs. The new Linden, New Jersey, facility will be the company's biggest yet and will have improved automation. It is expected to employ 2,000 people, indicating a net addition of about 800 jobs. Now what The stock's failure to rebound so far may be simply a confirmation of investors' lack of confidence in Blue Apron; shares are now down more than 40% since its initial public offering in June, which came after the company slashed its offer price. Investors fear competition coming from Amazon, and the company said last week that its co-founder and COO Matthew Wadiak would step down. Despite the confusion, today's news should be seen as a positive. But it may be hard for the stock to overcome the negative bias that's already built around it. 10 stocks we like better than Blue ApronWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Blue Apron wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 1, 2017Jeremy Bowman has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Amazon. The Motley Fool has a disclosure policy.