OrganiGram Temporarily Lays Off 45% of Workers Due to Coronavirus Pandemic

OrganiGram Holdings (NASDAQ: OGI) recently announced a set of measures the company enacted as a result of the COVID-19 pandemic. Most notably -- largely to promote the social distancing measures that are being employed to curb the coronavirus's spread -- the cannabis grower decided to temporarily lay off about 400 staff members, or 45% of its workforce. The company said it offered voluntary layoff packages to specific employees, and that those who accepted them made up the majority of those laid off.

While the company's active workforce has been reduced significantly, OrganiGram expects it will be able to continue meeting the demand for its products thanks to its current inventory. OrganiGram took other measures as well. Those employees who can work from home are now being directed to do so. At company facilities, it has banned large gatherings, added hand sanitizer stations, and increased the amount of cleaning and sanitizing being done.

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Source Fool.com