Meati Foods embarks on 2nd round of layoffs

BOULDER — The path to scalability for vegetable protein company Meati will require more layoffs than it had anticipated would be the case in June.
The company told media outlets this week that it laid off 60 people, then reassigned 30 of them, for a net 10% reduction in its workforce. That’s on top of the 5%, or 17 people, that it terminated in June.
Meati Foods, the trade name for Emergy Inc., is working to convert mushroom-based proteins into products that resemble whole cuts of meat.
While optimistic about the future of plant-based proteins…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!