Aurora Cannabis announces that it is laying off 12% of its workforce as the company begins a reorganization.
The Edmonton-based cannabis company confirmed the cut in an email to The Canadian Press, but did not share how many workers would be affected, what roles they held or where they were.
Spokeswoman Kate Hillyar said the reorganization will allow Aurora to operate as a leaner, more agile and forward-looking company that she believes will be poised for success.
She says the cuts are part of the additional $70 million to $90 million in savings that Aurora identified in its third-quarter results as key to its path to profitability.
Several cannabis companies, including Aurora, have revamped their operations to better align supply with demand in hopes of becoming profitable over the next few years.
Earlier this year, Aurora announced it would close three facilities, including one in Edmonton, where 13% of its global workforce was employed.