Science and Research IGM Biosciences slides by 66% on discontinued drug development and lay offs The biotech company has put the halt on 2 therapeutics used to treat arthritis, lupus and myasthenia gravis Rowan DunneJanuary 10, 2025
Technology Roomba vacuum maker iRobot down 35% on missed revenue target, lay offs The company just let 105 workers go, or 16% of its employee roster Rowan DunneNovember 6, 2024
Medical and Pharmaceutical Shattuck Labs plummets after dropping lead drug candidate; lays off 40% of workers The biotech company is giving up on a leukemia drug and shifting focus to a bowel disease treatment Rowan DunneOctober 1, 2024
Mining First Quantum Minerals halts copper ore processing at Cobre Panama mine due to tax dispute The company will lay off 8,000 mine workers if no agreement is reached Natalia Buendia CalvilloFebruary 23, 2023
Cannabis Canopy Growth lays off 800 workers to reduce costs by $160M Net revenue of $101 million during the third quarter of 2023 declined 28 per cent compared to last year Natalia Buendia CalvilloFebruary 9, 2023
Industry update Aurora shares slump on latest round of job cuts The Edmonton-based pot firm said it will lay off 214 workers and cut production at its flagship Aurora Sky facility Jared GnamDecember 16, 2020
Industry update Canopy shutters 5 Canadian facilities, beverage boss walks Canadian weed giant to lay off 220 workers in an effort to save up to $200M Jared GnamDecember 9, 2020
Cannabis TGOD cuts Quebec operations, lays off staff, reduces salary pay The coronavirus pandemic exasperated existing financial problems for TGOD, who posted losses of $195.75 million for the 2019 fiscal year Nick LabaMarch 26, 2020