TORONTO — Tilray Inc. is laying off 10 percent of its workforce in an effort to cut costs.
By reducing headcount and costs, Kennedy says Tilray will be more likely to meet the needs of the industry and foster growth in 2020 and beyond.
Kennedy’s statement calls the decision “tough,” notes that it was not “taken lightly” and says he is extremely grateful to the departing employees for their contributions.
The company would not share what offices and departments will be affected by the layoffs but said the company’s total headcount is about 1,443.
Featured Image: THE CANADIAN PRESS/Chad Hipolito