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Beyond Meat cuts 19% of workforce including disgraced COO, according to a release from the company. CEO Ethan Brown says the plant-based company is 'significantly reducing expenses' in an effort to focus on growth. As of Saturday morning, Beyond Meat's stock has fallen nearly 10 percent.
Beyond Meat has fired the executive accused of becoming violent after a college football game along with 19% of its workforce as the demand for plant-based meat cools down.
In a Monday report, Beyond Meat announced that Friday would be the last day for their Chief Operating Officer who was suspended in September. The plant-based company’s stock was down over 9% as of Saturday morning, according to CNBC.
Although it remains unclear exactly how many employees were let go, the company ended 2021 with about 1,100 employees.