Eaze Cuts Employees as CEO Methods Down

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California cannabis delivery giant Eaze sent out a corporation memo yesterday announcing layoffs and a new CEO.

According to a number of sources, 36 staff members were let go early Wednesday, a quantity that represents about 20% of Eaze’s overall workforce.

The announcement was sent out Wednesday by new CEO, Rogelio Choy, who previously served as Eaze’s COO. Prior to his time with Eaze, Choy was CEO at file-sharing behemoth BitTorrent. He officially departed BitTorrent’s new parent corporation, Tron, final December, just after their $126-million-dollar acquisition of BitTorrent in the summer time of 2018.

Choy will be replacing former CEO Jim Patterson, who led Eaze through the company’s transition to the legal marketplace in California after founder Keith McCarty stepped down in 2016. Patterson will stay on the board of directors.

In the statement, Choy noted that the cuts impacted each division inside the corporation and have been not a reflection of the function becoming accomplished by these leaving, but a have to have for realignment inside the corporation. An all-hands meeting was set to take location right now at noon, exactly where Choy will update employees on the strategy forward.

To Study The Rest Of This Write-up By Jimi Devine on Cannabis Now
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Published: October 03, 2019

The post Eaze Cuts Employees as CEO Methods Down appeared very first on L.A. Cannabis News.

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