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Organigram Lays Off 220 Workers, Will Cultivate Less Cannabis Than Expected

Organigram Holdings Inc. is laying off at least 220 employees — and is warning more bad news could be on the way.

The Moncton-based cannabis company said Friday the cuts will impact a quarter of its staff, but make the workforce leaner, more flexible and better prepared to align its production capacity with market conditions.

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“These decisions are never easy to make, but we are committed to ensuring the company is appropriately sized relative to market conditions,” Organigram chief executive Greg Engel said in a statement.

The cuts will leave Organigram with a total workforce of 609 employees including 84 staff members who were previously temporarily laid off, but may be recalled if the company requires them.

– Read the entire article at Yahoo News.

Source

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