Aurora Cannabis is cutting 12% of its global workforce as part of a corporate restructuring, the Edmonton, Alberta-based company confirmed in an email to MJBizDaily.
The company said it identified additional cost savings worth up to 90 million Canadian dollars ($69 million) to support its path to profitability.
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Aurora previously said it aims to turn its first profit next year.
“Today we delivered against that commitment as we announce a corporate reorganization that will allow Aurora to operate as a leaner, more agile and future-focused company, fit for success in the evolving global cannabis industry,” a spokesperson said Tuesday.
“Aurora continues to make substantial improvements to our business as we work through the phases of our transformation plan, designed to deliver shareholder value, and secure Aurora’s future as a leading global cannabis company.”
Aurora had 1,643 employees as of Sept. 27, 2021, although the company said that figure
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