Infarm Layoffs
September 2022
Infarm announced a layoff affecting 50 employees (5% of its workforce) in September 2022. The company operates in the Other sector.
50
5%
Sep 14, 2022
About
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.
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