Cannabis Giant Curaleaf Trims Workforce in New Jersey Amid Market Glut
Portfolio Pulse from Nicolás Jose Rodriguez
Curaleaf Holdings Inc (OTC:CURLF) has laid off 49 workers at its Winslow, New Jersey production facility due to lower-than-expected supply requirements. This is the second round of layoffs in the state, following a previous closure of the Bellmawr facility that resulted in 40 job cuts. Despite the layoffs, Curaleaf still retains over 150 employees in Winslow and around 400 in New Jersey.
July 20, 2023 | 6:37 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Curaleaf Holdings Inc has laid off 49 workers at its New Jersey facility due to lower-than-expected supply requirements. This could potentially impact the company's production capacity in the short term.
The layoffs at Curaleaf's New Jersey facility could potentially impact the company's production capacity in the short term. However, the company still retains a significant number of employees in the state, which could help mitigate the impact of the layoffs.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100