Beyond Meat

Beyond Meat laid off 65 employees representing approximately 8% of its workforce on 2023-11-02.

Beyond Meat laid off 200 employees, representing about 19% of its workforce, in October 2022 as part of a restructuring effort to drive sustainable growth amid financial challenges. The plant-based meat company, a leader in the industry, also significantly reduced its revenue outlook for the third quarter and full year, citing stagnant growth, missed targets, and substantial losses from new product investments. This marked the second round of layoffs that year, following a 4% reduction in August, reflecting broader struggles within the plant-based meat sector. The cuts, expected to save $39 million, affected all levels of the organization, including senior leadership positions.

Beyond Meat laid off 40 employees representing approximately 4% of its workforce on 2022-08-03.