Beyond Meat Cuts Non-Production Workforce by 19 Percent With Demand for Plant-Based Meat Weak

Beyond Meat Cuts Non-Production Workforce by 19 Percent With Demand for Plant-Based Meat Weak
A selection of Beyond Meat products are displayed in a cooler at grocery store in Orlando, Fla., on May 3, 2021. John Raoux/AP Photo
The Associated Press
Updated:
0:00

Beyond Meat is cutting 19 percent of its non-production workforce after a weaker-than-expected third quarter.

The plant-based meat company said Thursday that the reduction of about 65 employees is part of a broader corporate review. The company is also considering exiting some product lines, changing pricing, shifting its manufacturing, and restructuring its Chinese operations.

Related Topics