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Leafly Lays Off 18% of Its Workforce

Seattle-based cannabis information resource company Leafly today laid off 54 employees, or 18 percent of its workforce, GeekWire has learned. There were 33 people let go from the company’s Seattle headquarters.

Leafly cut roles “to more closely align our business operations with the market realities of the technology and cannabis sectors in which we operate,” according to a statement from CEO Tim Leslie (read in full below).

The company has an additional offices in Baltimore, Austin, and Toronto, along with remote workers across the globe.

Leafly provides cannabis information and services via its website and apps, connecting consumers with retailers and brands. It also publishes cannabis-related news.

Leslie is a former Amazon Prime Video executive who joined the company this past March following the removal of former CEO Chris Jeffery last year.

The CEO told employees late last year that Leafly was implementing a company-wide effort to limit spending and slow down hiring. Leslie indicated the moves were necessary to integrate the 150 new employees who came on board in 2019 — doubling the size of the company in the process.

Leafly moved into a larger headquarters building last year to accommodate for growth.

The site’s global internet traffic and engagement has fallen over the past few months, according to Alexa data. Competing resources such as weedmaps.com and wikileaf.com have seen increasing traffic.

To Read The Rest Of This Article By Taylor Soper on GeekWire

Published: January 29, 2020

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