Beyond Meat Suspends Operations In China To Cut Costs
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5 Articles
Beyond Meat Suspends Operations In China To Cut Costs
Beyond Meat has announced plans to suspend operations in China in the coming months. Following a review of its global operations, the plant-based meat company has said that it will also cut around six percent of its total workforce in the hope of turning a profit by 2026. Beyond Meat will cut 44 jobs in North America and the EU and make unspecified “executive leadership changes.” With the suspension of Chinese operations at the end of June, the …
Beyond Meat to Suspend China, Lay Off 9% of Staff As Sales Improve in Q4
7 Mins Read Beyond Meat is making cutbacks and suspending its China business after revenues jumped in Q4, with the plant-based leader taking aim at regenerative agriculture. Californian plant-based pioneer Beyond Meat will lay off 9% of its global workforce, including most of its China employees and “changes to the executive leadership team”, after increasing revenues and narrowing losses in Q4 2024. The company will reduce its North American an…
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