Mass Layoffs at Meati
Multiple employees at Meati, an alt meat company, have been laid off due to financial difficulties.
“The entire fermentation team has been laid off as well as food production; only some managers and maintenance people will remain.”
Meati, which was acquired by Meati Holdings over the summer, has been trying to secure additional financing.
- The company produces mycelium-based steaks and cutlets via biomass fermentation.
- The layoffs aim to reduce headcount while the company figures out its finances.
Author's summary: Meati lays off employees due to financial issues.
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