Infarm

Infarm laid off 500 employees representing approximately 50% of its workforce on 2022-11-28.

On September 14, 2022, vertical farming unicorn Infarm laid off 50 employees, representing about 5% of its total workforce of approximately 1,000. The Berlin-based startup cited necessary cost reductions due to soaring energy prices and its drive toward profitability as reasons for the cuts. Valued at over a billion dollars, Infarm operates across Europe, the U.S., Canada, and Japan, and was founded in 2013. The layoffs occurred amid industry challenges, including the bankruptcy of French competitor Agricool earlier that year.