(Edmonton) Aurora Cannabis announced Wednesday the layoff of 12% of its workforce as part of a reorganization of the cannabis producer.
Posted at 4:24 p.m.
The Edmonton-based company confirmed the layoffs in an email to The Canadian Press, but did not specify how many employees would be affected, what positions were affected or the facilities where they were located.
Spokeswoman Kate Hillyar said the reorganization would allow Aurora to be more nimble and nimble, and to focus on the future of the business.
The cuts are part of cost savings of between $70 million and $90 million identified by Aurora in its third-quarter earnings release to achieve profitability.
Several cannabis companies, including Aurora, have restructured their activities to better match supply to demand, hoping to turn a profit within a few years.
Earlier this year, Aurora announced it would close three facilities, including one in Edmonton, where 13% of its global workforce works.