Beyond Meat Cuts About 40 Jobs in Cost-Cutting Move
- Cuts are said to hit operations team in multiple locations
- Analyst says faux meat maker is burning through its cash
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Plant-based meat maker Beyond Meat Inc. eliminated about 40 positions as part of a broader cost-cutting plan, Chief Executive Officer Ethan Brown told employees in an internal memo.
“While difficult, this decision is one piece of our larger strategy to reduce operating expenses and support sustainable growth,” Brown said in the memo viewed by Bloomberg.