Beyond Meat cutting 200 jobs, lowers 2022 revenue outlook
Beyond Meat cutting 200 jobs, lowers 2022 revenue outlook
(AP) — Beyond Meat is undertaking a second round of job cutting and trimmed its revenue expectations for the year as it cuts costs to offset a decline in sales.
The company said Friday that 200 job cuts, which amount to approximately 19% of its total global workforce, will be mostly completed by the end of the year. It cited record inflation as well as increased competition and lower…