Impossible Foods to Lay Off 20% of Staff

REDWOOD CITY, Calif. (KRON) — Impossible Foods Inc. plans to lay off 20% of its staff, according to a report from Bloomberg Monday morning. The company, famous for its plant-based meat substitutes, is headquartered in Redwood City.

According to Bloomberg, more than 100 employees would be cut. The company currently employs about 700 people.

Impossible Foods conducted another layoff in October 2022, which cut about 6% of its staff, according to Food Dive. CEO Peter McGuinness sent a memo saying those layoffs involved “roles that have become redundant to others in the organization or that are no longer aligned with our core business priorities,” according to Food Dive.... (Read more)

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