SNDL Cuts 106 Full-Time Jobs In $11M ‘Restructuring Project’

What’s happening at SNDL?

Calgary-based cannabis retailer SNDL is cutting 106 full-time positions, reflecting ongoing challenges in Alberta’s legal cannabis sector.

Official statements and context

In a press release, SNDL detailed the goals of its restructuring project, aimed at reducing corporate overhead and enhancing organizational efficiency.

• The company anticipates $20 million in annual savings from this effort, which will involve a one-time investment of $11 million over the next 18 months.
• SNDL CEO Zachary George emphasized the company’s commitment to streamlining processes and leveraging technology to improve operational effectiveness.
• SNDL operates several outlets including Value Buds, Firesale Cannabis, Spiritleaf, Ace Liquor, and Liquor Depot. As of December 31, 2023, the company and its subsidiaries employed 2,516 people, according to U.S. securities filings.

The cannabis industry has faced numerous layoffs and restructurings in recent years. In February 2023, SNDL cut 85 jobs, following similar moves by other Alberta-based companies like Aurora Cannabis, which reduced its workforce by 12% and closed three facilities in June 2022. Canopy Growers in Smiths Falls, Ontario, also announced significant layoffs, cutting 800 jobs and shutting down a major facility in February 2023.

Industry leaders cite high government taxation, stringent regulation, and a thriving black market as primary challenges since the legalization of recreational cannabis in October 2018. Additionally, an oversupply of cannabis has led to a steep decline in product prices and intense competition within the market.

According to the company’s LinkedIn page, it has more than 620 workers in the country.

📺 WATCH: Everything You Need to Know About Mass Terminations

Lost Your Job? Get Help Now

📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.

Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.

If you’ve lost your job at SNDL for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.