Canopy Growth Corp., a major cannabis producer, has laid off 200 staff from the Canadian, U.K. and U.S. offices
This is the third round of cuts in the last few months—as it stands, the company has let go almost 1,000 employees, including COVID-19-related furloughs.
In a statement to the Canadian Press, Canopy chief executive officer David Klein said, “Although difficult, the decisions that have been made over the last few months are to allow Canopy Growth to remain focused on the areas where we are winning and ensure that we are delivering the highest quality products to our consumers in every market where we operate. For a long time Canopy has prioritized doing things first, but going forward we'll be focused on doing things the best in the markets and in the product formats that show the greatest promise."
The company announced the lay-offs via a group Zoom call lasting two minutes. “They fired everyone and hung up,” says an employee. The company has cited ‘restructuring’ as the cause for the layoffs.
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