News Formal

Source: Cannabis company Acreage Holdings cut 40 jobs - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Cannabis company Acreage just cut 40 jobs following a strategic review, and it's the latest sign of a tough environment for cannabis sellers

The company posted disappointing fourth-quarter earnings, amid a tough market for cannabis companies.

The source added that the job cuts were across the organization and not concentrated in one specific team or department. Acreage Holdings has well over 250 employees, a company spokesperson said. , who posted a snippet of a memo circulated to Acreage employees. Business Insider then reviewed a full copy of the memo.

"As the life cycle of our business continues to mature, we continually assess our resources against our corporate strategic objectives," Acreage Vice President of Communications Howard Schacter said in a statement. "When we conducted our last assessment we identified functions across certain departments and in our Form Factory business unit in places that are not as critical today as when they were first acquired.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The top US staffing firms including Allegis Group and Randstad Holding - Business InsiderStaffing Industry Analysts' 2019 report on the largest US staffing firms by revenue listed Allegis Group, Randstad Holding, Adecco, and Robert Half. So you too can be a contractor slave
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wall Street snaps up drug companies offering hopes of coronavirus drug - Business InsiderInvestors have, predictably, begun placing bets on which company can produce a cure for the COVID-19 coronavirus at the root of the sell-off.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Diversity and inclusion can change company culture for black women - Business InsiderThere are zero black women leading Fortune 500 companies right now. Here's how company culture can be sculpted to change that. The only diversity that matters is intellectual diversity. Not this “let’s force minorities to the top” diversity bullshit. why does there have to be a black women in there No reparations. No vote.
Source: BusinessInsider - 🏆 729. / 51 Read more »