Hexo slashing 180 jobs to save $15M annually

Mugglehead
By Kathryn TindaleFeb 9, 2022, 3:19 pm187 pts
To save costs amid falling share prices, Quebec-based Hexo Corp. (TSX: HEXO) (Nasdaq: HEXO) says it’s cutting 180 jobs to save about $15 million per year. On Wednesday, the firm went into detail on its cost-saving initiatives to reduce selling, general, and administrative expenses by 30 per cent by the end of…

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