Canopy Growth Corp Cost Reduction Initiatives Undertaken In FY2023 Are On Track To Reduce Company's Headcount By Over 1200 Positions
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth Corp's cost reduction initiatives in FY2023 are on track to reduce the company's headcount by over 1,200 positions, according to Reuters.
June 22, 2023 | 9:06 pm
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Canopy Growth Corp (CGC) is on track to reduce its headcount by over 1,200 positions in FY2023 through cost reduction initiatives.
The cost reduction initiatives are expected to improve the company's financial position and operational efficiency. However, the short-term impact on the stock price is uncertain as the market may have already priced in the cost reduction measures.
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