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Leafly lays off 91 employees with funding on pause

Cannabis monstrous Leafly trimmed 91 staffers this week in response to the coronavirus eruption. The firm said during a secreted affirmation that the workforce reduction allows the company to be financially self-sufficient while still being able to operate during the global pandemic.

The 91 hires represented 39% of the company’s workforce and came from all departments within the company. In January, the company trimmed 54 employees( 18% of its workforce at the time ). Then in February, the company closed its own operations in Germany.

Since its launch in 2010, Leafly has become a resulting root of cannabis information for consumers, retailers and symbols alike. The companionship is a wholly independent company after rotating out from Privateer Holdings in 2019. The fellowship is passed by Tim Leslie, a onetime Amazon executive. The three benefactors, Cy Scott, Scott Vickers, Brian Wansolich, left to start Headset, a startup focused on providing the cannabis industry with advanced analytics.

” We’re heartbroken to have to let so many talented people going to be home such an uncertain time ,” said CEO Tim Leslie in a liberated word.” Although Leafly continues to grow and rapidly deploy pickup and transmission services for retailers and firebrands across North America, COVID-1 9 has rocked world financial markets and threw further capital investments we were expecting on pause. This personnel reduction will allow us to be financially self-sufficient so we can continue to help consumers and cases learn lessons from and lineup cannabis online while providing cannabis retailers and brands the services offered they are required to during this global crisis .”

The company says that the financial crisis caused by COVID-1 9 threw committed investments into Leafly on hold; thus, the company turned to job reductions to ensure the company can operate without outside investments.

After the pieces, Leafly Holdings fills 143 works, with half focusing on the company’s online tell engineering. The company says it will continue to focus on content and structure tools for retailers and brands.

Read more: feedproxy.google.com

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