India, July 6 -- Organigram Holdings Inc., the parent company of Canada-based cannabis producer Organigram Inc., said it will reduce its workforce by about 25 percent in order to "better align its production capacity to prevailing market conditions."
According to Organigram, the decision to cut jobs will impact its workforce by about 220 employees, including a small number of employees who are not on temporary layoff.
Following the job cuts, Organigram will have a leaner, cross-functional workforce of about 433 employees operating out of its indoor production facility in Moncton, New Brunswick.
Organigram has a company-wide workforce of 609 employees, including 84 workers on temporary layoff who may be recalled by the company if the busi...