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Organigram lays off 220 people, expects drop in revenue

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globalnews.ca

COVID-19 pandemic.The company said that represents about 25 per cent of its workforce.A news release said the company will move forward with 433 employees at its facility in Moncton and 609 employees overall, including 84 who are described as being on “temporary layoff who may be recalled if and when needed as the business requires.”“These decisions are never easy to make, but we are committed to ensuring the company is appropriately sized relative to market conditions,” Organigram CEO Greg Engel said in the release. “We are incredibly grateful for the commitment that our affected employees have made in helping build the company that Organigram is today.” Organigram shares dive nearly 20% on revenue forecast Organigram was founded in 2013.

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