Leafly lays off additional 91 employees, eliminating more than 50 percent of staff in 2020
Leafly laid off 91 employees Monday, just two months after eliminating 54 positions at the online cannabis brand. The Seattle startup that once employed about 300 now has 140 employees remaining.
The company attributed the layoffs to the coronavirus outbreak that has investors spooked.
“We’re heartbroken to have to let so many talented people go in such an uncertain time,” said Leafly CEO Tim Leslie in a statement to GeekWire.
“Although Leafly continues to grow and rapidly deploy pickup and delivery services for retailers and brands across North America, COVID-19 has rocked global financial markets and put further capital investments we were expecting on pause.”
Leslie said Leafly’s smaller workforce will allow the company to be “financially self-sufficient” during the pandemic.
In January, Leafly let 18 percent of its workforce go. Leslie said those layoffs were in response to “market realities of the technology and cannabis sectors.”
Leafly is an online and app-based resource for cannabis information and sellers. It also publishes cannabis-related news. In October Leafly launched a rebranded website and interactive cannabis guide, which uses data and design to create a visual language for the plant.
Source: GeekWire Startup