Beyond Meat—Beyond Meat laid off 200 employees (19% of workforce) amid declining sales
In October 2022, Beyond Meat cut 200 jobs, representing 19% of its global workforce, as part of cost-reduction measures. The layoffs coincided with the departure of COO Doug Ramsey, CFO Philip Hardin, and chief growth officer Deanna Jurgens. The company cited the need to reduce operating expenses and target cash flow positive operations.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.643 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.57)× agency (reactive ×0.75)
Evidence (1 signal)
TechCrunch reported Beyond Meat cutting 19% of workforce amid sales slump
TechCrunch reported that Beyond Meat laid off approximately 200 employees, or 19% of its global workforce, in October 2022. The company also saw departures of CFO Philip Hardin and chief growth officer Deanna Jurgens, alongside the already-suspended COO Doug Ramsey.