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.
"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.
Organigram also said it will work to "right-size" production and review its assets.
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