June 23, 2020 / 3:28 PM / 18 days ago

Pot company Aurora Cannabis plans layoffs, closing five facilities

June 23 (Reuters) - Aurora Cannabis said on Tuesday it will lay off a big part of its workforce and plans to shut five facilities over the next two quarters, as the cash-crunched cannabis industry finds itself scrambling to cut costs amid the coronavirus pandemic.

The Canadian pot producer said it has cut its selling, general and administrative workforce by 25% and will lay off another 30% of its production staff over the next two quarters.

Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini Ganguli

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