The layoffs underscore a fallow sales stretch for Impossible and rival Beyond Meat Inc., following a surge in fake meat sales during 2020.
Impossible Foods Inc. plans to cut about 20% of its workforce, according to a Bloomberg New report published Monday, which cited a person familiar with the matter.
The Silicon Valley-based maker of meatless burgers, chicken nuggets and sausage, employs about 700 people. The cuts, on top of a previous personnel reduction in October, would eliminate more than 100 jobs, Bloomberg reported. Impossible... Impossible Foods Inc. plans to cut about 20% of its workforce, according to a Bloomberg New report published Monday, which cited a person familiar with the matter.
The Silicon Valley-based maker of meatless burgers, chicken nuggets and sausage, employs about 700 people. The cuts, on top of a previous personnel reduction in October, would eliminate more than 100 jobs, Bloomberg reported.The layoffs underscore a fallow sales stretch for meat alternatives following a surge in fake-meat sales during 2020. Impossible rival Beyond Meat Inc.
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