Multi-state cannabis operator Trulieve is reportedly cutting nearly 60 jobs at a call center in Clearwater, Florida.
According to Business Observer, the company sent a letter to the state alerting officials that it's laying off 58 employees. Of the employees affected, 49 are phone representatives and the remaining nine are chat representatives. Trulieve cited "business restructuring" as the cause for the cuts.
Trulieve did not immediately respond to request for comment.
The reported layoffs come shortly after the company reported fourth quarter earnings, marked by a 3% drop in revenue and a net loss of $43 million, down from a $60 million loss the year prior thanks to a decline in operating expenses.
During Trulieve's most-recent earnings call, CEO Kim Rivers said the company is "pursuing growth initiatives that align with our long-term objective to build a leading cannabis company." Those investments include expansion of retail, production, and distribution in new and existing markets, and technology and infrastructure.
Trulieve operates more than 230 retail locations, the majority of which are in Florida. The company also said it has more than 4 million square feet of production capacity.
