Geek Wire reports
In a move designed to “improve operating performance,” Leafly said in a regulatory filing that its cost-cutting restructuring plan would trim the workforce through a combination of layoffs and attrition.
The company expects a one-time cash restructuring charge for the layoffs of approximately $500,000 in Q4 of 2022.
“These reductions will help preserve our ability to respond to opportunities as this industry continues to mature and expand, and allow us to more effectively manage our capital,” Leafly CEO Yoko Miyashita said in a statement. “In addition to cutting costs, we have taken a close look at our structure to ensure we are prioritizing the most meaningful parts of the business.”